Momentum vs. Fundamentals in AI Trading: Insights from BlackRock

J.P. Morgan's Making Sense podcast welcomes Helen Jewell, International CIO of Fundamental Equities at BlackRock, to discuss how to distinguish companies with sustainable profitability and high return-on-capital growth in AI trades from those driven purely by momentum. The conversation covers divergent market performance across semiconductors, storage, and software, as well as key considerations as the AI capex cycle evolves.