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The shares rallied, they say. A brief spasm of optimism following the announcement of results. Investors, ever the fickle creatures, have focused on the “AI opportunities” rather than the looming shadow of the smartphone market. A predictable distraction. Arm envisions its data center business becoming its largest segment, achieving a 50% market share amongst the hyperscalers. A lofty ambition. It seems they believe that by feeding the machines, they will be spared. The central processing units, they claim, are becoming more important. As if the machines weren’t already in charge. One wonders if they’ve considered the machines will simply design better processors themselves, rendering Arm obsolete. A thought, perhaps, best left unsaid in polite company.

Over the past year, a surge of 309% in its valuation has occurred – not through speculative frenzy, but through the steady, inexorable demand for its wares. And as the year unfolds, as capital flows like rivers towards the construction of artificial intelligence infrastructure, this company may yet reveal itself as a surprising beneficiary. It is a story not of overnight triumph, but of patient endurance.

And so, we turn our attention to Brookfield Renewable (BEPC 0.33%)(BEP +0.00%). It’s not a glamorous name, perhaps, but then, genuine opportunity rarely is. This company isn’t simply in the renewable energy business; it is the business, or a substantial portion of it, at least. They operate, develop, and generally wrangle clean power assets with an efficiency that would impress even the most hardened bureaucrat.

The point, as always, is diversification. Because putting all your eggs in one basket is only sensible if you have a very good recipe for omelets, and a reliable dragon to guard them. These Trusts offer a way to spread your risk, to hedge against the inevitable… well, everything. Inflation, market panics, the sudden realization that your collection of porcelain gnomes is vastly overvalued. But which Trust to choose? That, as they say, is the question.

Energy Transfer, it turns out, is in the business of moving oil and natural gas. A pipeline company, basically. A toll taker on the energy highway. It’s a reliable business, in theory. People will always need heat, or gasoline for their road trips to see distant relatives who will then grill them about their life choices. The volume of stuff flowing through their system is more important than the price of the stuff itself. Which is reassuring. It means they’re not entirely at the mercy of whatever geopolitical drama is unfolding on CNN. They’ve got $5 billion earmarked for future growth, which sounds…ambitious. My neighbor, Barry, is spending that much renovating his garage. He insists it’s an “investment,” but I suspect it’s mostly just a place to avoid his wife.

Vertex reports earnings on February 12th, and the last time they did, it was… underwhelming. Revenue was up 11% to $3.08 billion, which sounds impressive until you realize my nephew made a similar jump in his Lego collection over the same period. Earnings per share only budged 4.7% to $4.20, because apparently researching cures is expensive. The stock took a little dip, which is the financial equivalent of a polite cough in a crowded room. It wasn’t a disaster, but it wasn’t exactly a ticker-tape parade, either.

Forecasts suggest a substantial increase in U.S. electricity demand over the next two decades, with some projections indicating a 58% rise – a multiple of the growth rate observed in the preceding period. This surge is largely attributable to the energy-intensive requirements of AI data centers. NextEra Energy, as the nation’s largest electric utility, appears strategically positioned to capitalize on this trend.