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Nvidia… now that’s a name. Sounds like a Roman emperor who was really into graphics cards. And speaking of graphics cards, these folks are the kings of the hill when it comes to artificial intelligence. They’re building the brains of the robots that will one day judge us all. Don’t worry, I’m kidding… mostly. They’ve become the biggest company on Earth, thanks to these little chips called GPUs. Apparently, everything runs on them now. Even your toaster probably has a GPU. I wouldn’t be surprised. Other companies are trying to muscle in, naturally, but Nvidia’s got a moat wider than the English Channel. And a software platform called CUDA – it’s like the secret handshake for all the AI coders. Plus, they make networking stuff. It’s complicated. I just count the money.

Now, AppLovin’ had a run, let me tell you. Shares shot up like a rocket for a spell, more than five thousand percent in under three years. But the higher you climb, the farther you have to fall, and fall they have. Seems every Tom, Dick, and Harry is takin’ a shot at ’em. Here’s the list of woes, as I’ve heard it:

The source of this latest wobble? The White House, naturally. Vice President Vance announced a plan – a trading bloc, aimed at pushing back against China’s dominance in rare earth minerals. The idea is to establish “reference prices” – which sounds terribly sophisticated, until you realize it’s just a fancy way of saying “price floor.” My aunt Mildred, who collects thimbles and understands these things, explained it to me over Thanksgiving. It’s all about leverage, she said, brandishing a miniature porcelain shepherdess. I mostly nodded and tried not to make eye contact.

The herd is stampeding, naturally. Investors, like frightened sparrows, are abandoning the nest. The question isn’t whether the stock will fall further – the wind is already howling – but whether there’s a sliver of opportunity hidden in the wreckage. A chance to pick up pieces at a price that reflects the true, diminished reality.

The whole thing hinges on getting into the U.S. market, naturally. Because Canada, apparently, isn’t enough. There was this little blip last December, a momentary surge of optimism, and everyone got excited. For, like, a day. Then reality set in. Which is that federal laws are…federal laws. And they don’t just change because someone wants them to. It’s a system, people!

And now, as if summoned by a mischievous sprite, arrives further disquiet. The Centers for Medicare & Medicaid Services (CMS), those arbiters of fiscal prudence, propose a meager increase – a paltry 0.09% – in payments to private insurers for the year 2027. One might almost suspect a jest, were the implications not so serious.