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The stated function of CoreWeave is the provision of specialized computational infrastructure – a network of data centers powered by what are termed “graphics processing units.” These units, it is asserted, facilitate the construction, deployment, and scaling of “artificial intelligence” applications. The term “artificial” feels particularly loaded, given the increasingly blurred lines between the constructed and the genuine. The company also caters to larger entities – “cloud computing giants” – who require additional processing capacity. This arrangement suggests a parasitic relationship, a dependency that feels… precarious.

The purchase, detailed in a recent SEC filing, brings Tema’s stake in Powell to a meaningful portion of their portfolio – nearly two percent. It’s not the flash of a speculative gamble, but the deliberate placement of stones, building a foundation. Powell Industries, for those unfamiliar, isn’t a name that trips easily off the tongue. They don’t peddle dreams of instant wealth. They build the quiet infrastructure – the electrical systems, the substations, the switchgears – that keep the lights on, the factories humming, the world turning.

So, we’ve got three contenders today. Three dividend dynamos. First up, we’ve got Realty Income (O +0.68%). Then there’s PepsiCo (PEP +0.45%), a company that’s been slaking our thirst for, oh, a century or so. And finally, Ares Capital (ARCC +0.43%). A bit of a wild card, that one. Like a chihuahua with a Napoleonic complex. Let’s dive in, shall we? But hold onto your hats, because this could get… profitable.

Recalls are anticipated, budgeted for, a line item in the endless accounting. Yet the figure for 2025 – 153 recalls affecting nearly thirteen million vehicles – transcended mere anticipation. It was, rather, an assertion of entropy, a demonstration that even the most meticulously assembled machine is, at its core, a collection of potential failures waiting to manifest. To surpass the previous high of 2014 (General Motors, 77 recalls) by such a margin suggests not a temporary lapse in quality control, but a fundamental law of automotive existence. The company’s COO, Kumar Galhotra, acknowledged the situation, speaking of “reducing the cost” as though cost were the ailment, not the symptom. The phrasing itself felt…distant, a bureaucratic incantation against an inevitable tide.

Mr. Elon Musk, that enterprising fellow, possesses a knack for captivating the investing public, promising innovations that would make Jules Verne blush. However, as the old timers say, deeds are the things, and Tesla’s recent performance has been, shall we say, a bit more earthbound. Last year saw a gain of a mere 11.4%, a distinctly un-sparkling result when compared to the S&P 500’s 16.4% and the positively zippy 20.4% of the Nasdaq Composite. A bit of a pickle, what?

The stock is up a frankly astonishing 136% from its recent nadir. Last August, when the market cap hovered around the $2.5 trillion mark, I ventured the prediction that it would surpass $3 trillion before 2027. A perfectly reasonable assessment, as it turns out. It seems I underestimated the current momentum. One now suspects it has rather more steam left in it, potentially pushing it toward the $5 trillion territory before the year is out. One hopes it doesn’t become too ostentatious, naturally.