They’re building small modular reactors. Sounds neat on paper. But paper doesn’t generate electricity, and enthusiasm doesn’t pay the bills. This isn’t about innovation; it’s about execution. And right now, NuScale is mostly talking. Years of promises, a few MOUs, and a whole lot of hope. Hope is a lousy investment strategy.
So, what’s the secret? Well, it’s not a secret, really. It’s just… boringly effective. They lend money – and take a piece of the action – to those lovely, unglamorous lower-middle-market companies. Think businesses with annual revenue between $10 and $150 million. Not exactly tech unicorns, are they? But stable. Predictable. The kind of businesses that don’t make headlines, but quietly keep the world turning. And they also dabble in deals where private equity firms are buying or owning companies between $25 and $500 million. It’s all rather… sensible.
They’re bragging about iPhone sales being up 16%. Sixteen percent! Like that’s some kind of achievement. They’re selling the same phone, slightly tweaked, every year. It’s a racket, frankly. And then they expect you to be grateful. Grateful! Meanwhile, I’m trying to find something…less obvious. Something where the risk isn’t already priced in by every algorithm on the planet. Is that too much to ask?
Note: These values are calculated based on the SEC Form 4 weighted average purchase price of $122.00, and the market close on February 4th, 2026, also at $122.00. Such precision, and for what, one wonders?
D-Wave deserves acknowledgement for increasing sales, doubling revenue in the third quarter of 2025 to $3.7 million. The full year estimate, according to analysts, reaches $25.6 million. Further growth is projected for 2026, with estimates nearing $43 million – a 68% increase. These figures, however, must be viewed with a degree of skepticism. They represent, at best, a temporary reprieve, not a fundamental shift in the company’s financial position.
The fourth-quarter results, delivered after the market’s customary closing, revealed sales and earnings that surpassed the anticipated benchmarks. Yet, this apparent triumph failed to quell the anxieties of those who hold the company’s fate in their hands. The forward guidance, a carefully constructed projection of future performance, proved insufficient to satisfy the insatiable demands for continued, exponential growth. Thus, a sell-off ensued, a mass exodus driven not by demonstrable failure, but by the fear of unrealized potential.
Now, he’s talking about all this AI stuff, and how it’s costing a fortune. Trillions, he says! Trillions! You know what else costs trillions? Fixing potholes. And we still have potholes! This AI arms race – because that’s what it is, a race to see who can build the smartest toaster – is fueled by debt. Debt! The financial equivalent of a rubber chicken. It seems funny until it hits you in the face.
The modern malady, it seems, is a thirst for novelty, a breathless pursuit of the ‘next big thing.’ And what occupies the minds of men more presently than this ‘artificial intelligence’? A phantom, some declare, a mere conjuring trick. Others see in it the very engine of future prosperity. I, however, observe that even the most fantastical schemes require a foundation of solid worth. To stake one’s fortune on a fleeting fancy would be… imprudent, to say the least.
It is a curious anomaly, this recent underperformance. For five years, the stock has lingered, a shadow in the sun, while lesser entities briefly outshone it. Yet, this apparent decline is, I suspect, a necessary illusion—a momentary distortion in the infinite reflection. The current price-to-earnings ratio—approximately 26.5 times the projected earnings of 2026, according to the oracles of Wall Street—is, relatively speaking, quite… reasonable. A disconcerting modesty when compared to the gaudy displays of Walmart and Costco Wholesale, whose valuations seem predicated on the sheer weight of brick and mortar—a decidedly archaic principle.
Revenue, like a river swollen by spring rains, has risen steadily, quarter after quarter, and the price of its shares has soared, mirroring this ascent. The cause? A simple offering, yet one perfectly timed to the anxieties and ambitions of our age: the promise of harnessing the vast, chaotic torrent of data, of transforming it into actionable knowledge. It is a seductive proposition, one that appeals to the inherent human desire to impose order upon the universe, even if that universe is merely the marketplace.