I think we're positioned correctly with the Quanta, GE Vernova, Cameco etc.
But until sales, earnings, and cash flow catch up to the news valuations are getting stretched.
But at least we have sales, earnings, and cash flow should the overall market tumble.
Money coming in the front door is comforting and a cushion against impulsivity, regret and all the other things that get in the way of big gains.
An exclusive from Reuters via CNBC, June 27:
The Trump administration is readying a package of executive actions aimed at boosting energy supply to power the U.S. expansion of artificial intelligence, according to four sources familiar with the planning.
Top economic rivals U.S. and China are locked in a technological arms race, and with it secure an economic and military edge. The huge amount of data processing behind AI requires a rapid increase in power supplies that are straining utilities and grids in many states.
The moves under consideration include making it easier for power-generating projects to connect to the grid, and providing federal land on which to build the data centers needed to expand AI technology, according to the sources.
The administration will also release an AI action plan and schedule public events to draw public attention to the efforts, according to the sources, who requested anonymity to discuss internal deliberations.
The White House did not respond to requests for comment.
Training large-scale AI models requires a huge amount of electricity, and the industry’s growth is driving the first big increase in U.S. power demand in decades.
Between 2024 and 2029, U.S. electricity demand is projected to grow at five times the rate predicted in 2022, according to power-sector consultancy Grid Strategies....
....MUCH MORE
