Companies such as Nvidia and AMD may capture the headlines with their innovations, but it is TSMC that possesses the singular capacity to make those innovations a tangible reality. Without this quiet colossus, the entire chain of supply, the delicate network that sustains the AI revolution, would falter. And yet, despite its undeniable ascendancy, the market, in its perpetual restlessness, seems to undervalue its worth.
So, the government, that lumbering beast, has decided to play miner. It’s thrown a lifeline – $1.6 billion, a king’s ransom – to USA Rare Earth. Not out of benevolence, mind you. But to build a domestic source, to lessen the reliance on distant shores. The stock, naturally, leaped like a startled hare. Promises are cheap, but they can inflate a share price beautifully.
According to the SEC filing – because everything needs a filing – Generali increased its stake in MercadoLibre. It’s like when you realize you really like a band, and then you buy all their albums. Except instead of a band, it’s a company that ships stuff to people. And instead of a credit card, it’s… well, it’s a fund managing billions. Semantics, really. The purchase bumped their holdings by $6.88 million, which, let’s be honest, is a nice little bonus for someone’s quarterly numbers.
The word from TechCrunch, a publication devoted to these modern marvels, is that Apple’s Indian performance is nothing short of spiffing. This follows whispers of robust iPhone sales in China, suggesting the latest model is being received with a hearty ‘well done!’ by consumers. It’s a bit like a particularly good cucumber sandwich – universally appreciated, what!
The selling pressure that defined the week after the U.S. market holiday on Jan. 19 never truly let up. From January 19 to January 23 (ET), crypto ETFs faced one of their most punishing stretches of the new year, with risk appetite fading sharply across the largest products.
It is a curious observation, this modern devotion to the fleeting images displayed upon illuminated rectangles. Hours are surrendered, fortunes spent, all in pursuit of connection, validation, and, increasingly, the illusion of a life well-lived. But within this seemingly frivolous pursuit lies a potent economic force, one that astute observers might leverage to their advantage. Two such opportunities present themselves, not as bold gambles upon the unknown, but as reasoned investments in enterprises already deeply entrenched in the habits of modern men.
Therefore, we’ve been examining alternatives. Specifically, companies that actually dig the stuff up. Newmont Corporation (NEM +2.38%) and Agnico Eagle Mines (AEM +2.57%) present a rather intriguing proposition. They are, to put it mildly, exceptionally well-positioned to benefit from this ongoing metallic enthusiasm, even if the price of gold were to suddenly decide it prefers being a decorative element in a dentist’s office rather than a store of value. (Which, let’s be honest, isn’t entirely out of the question.)
You see, the Treasury Secretary, a Mr. Scott Bessent (a man who clearly enjoys wielding power like a particularly unpleasant garden gnome), decided to cancel all contracts with Booz Allen. Why, you ask? Because of a dreadful leak. A chap named Charles Edward Littlejohn, an employee of Booz Allen, decided to share tax records. Not just any tax records, mind you, but the tax records of hundreds of thousands of people. Including, rather audaciously, the tax records of President Trump himself!
The fourth-quarter results, while falling somewhat short of the breathless pronouncements of the optimists, conceal a more interesting development. The custom chip business, it seems, is not merely a palliative for declining margins, but a potentially lucrative, if somewhat improbable, enterprise. The market, of course, is awash with silicon merchants, but Intel, with its access to capital and manufacturing facilities, possesses a distinct advantage – a sort of industrial inertia that few can match.
The disparity in expense ratios – 0.39% for SLVP, 0.65% for SIL – represents a minor subtraction from potential gain, a mere tithe demanded by the custodians of this manufactured prosperity. More telling is the dividend yield. The yield, a paltry offering to the investor, serves as a grim reminder: the true wealth is not shared with those who toil in the shadowed mines, but siphoned upwards, accumulating in the coffers of those who merely hold the claim.