Market consolidation is not surprising, says Jay Mehta with Veraz Advisors, after one of the best earnings seasons in 30 years followed by Fed Chair Kevin Warsh comments that inflation hasn’t slowed meaningfully enough. Mehta’s market outlook is a nod to Nvidia (NVDA) revenue growth, which he notes extends beyond hyperscalers. While energy prices and rising rates can impact growth, he expects A.I. spending to continue, and he is bullish on technology, power infrastructure and industrial beneficiaries of A.I spending.