But here’s a secret, a little whisper for those who listen closely: all this shouting doesn’t necessarily mean it’s the fastest horse in the race. There’s another contender, a much larger, quieter beast, that might just leave CoreWeave choking on its dust. And that, my friends, is Alphabet (GOOG 2.27%) (GOOGL 2.01).
NextEra Energy, now that’s a company that reminds me of a well-built steamboat – reliable, and likely to keep on chuggin’ along. They run Florida Power & Light, the biggest utility in the state, and that’s a steady business, let me tell you. Folks will pay for their electricity, rain or shine. They’ve got a deal with the Florida Public Service Commission that practically guarantees them a decent return for the next few years. A man could set his watch by that.
The words themselves are familiar, echoes of pronouncements past. Verbatim, as they say. One begins to suspect the entire operation is powered by a particularly diligent bureaucrat and a very large rubber stamp. But, as any seasoned dividend hunter knows, the devil isn’t in the grand pronouncements, but in the subtly shifting currents beneath.
So, what’s fueling this rocket ship? Artificial Intelligence, naturally. These AI “hyperscalers” – which sounds like a dermatologist’s practice for giants – are building data centers the size of small countries. And these data centers? They need memory. Not just any memory, mind you. They need high-bandwidth memory – HBM – for all the fancy AI training and inferencing. It’s like giving a brain the most potent espresso it’s ever tasted.
Meanwhile, Japan, Saudi Arabia, South Korea – they’re all having a bit of a wobble. But not us. Not America. It’s… irritating, actually. All that careful budgeting, the sensible saving… and the market just sails on, seemingly fuelled by optimism and a complete disregard for common sense.
Analysts whisper about a “value stock comeback” in 2026. As if the market cares about years. It doesn’t. It just is. But Lululemon, specifically, looks… interesting. A bit bruised, perhaps. Worth a glance, if you’re the type to glance at such things.
For two decades, this company hath remained cloistered, a private fiefdom of ambition. Now, it is expected to emerge, not as a humble star, but as a veritable supernova, valued at a trillion and a half dollars, or thereabouts. A sum that would place it amongst the ten most esteemed, and perhaps most inflated, companies in the world. One cannot help but observe the parallels with those grand theatrical productions, lavishly staged and brimming with spectacle, yet ultimately built upon foundations of… air.
Consider, then, the case of Broadcom (AVGO 2.99%). A company not given to grand gestures or breathless pronouncements, but one that quietly, methodically, constructs the very foundations upon which these digital dreams are built. It is a company that, perhaps, understands the enduring power of necessity, even in a world obsessed with novelty.
Uber doesn’t envision a wholesale replacement of flesh and blood with circuits and algorithms. Rather, a curious pact. A hybrid network, they call it. A mingling of the mechanical and the…well, the merely employed. One might ask, is this innovation, or simply a sophisticated form of postponing the inevitable? From a dividend hunter’s perspective, it’s a shrewd maneuver. It allows them to extract value from both the present – the continued patronage of those who prefer a human hand on the wheel – and the future, however delayed.
Projections from PwC suggest a potential addition of $15.7 trillion to the global economy by 2030. Such figures, of course, are merely phantoms conjured by statistical modeling. Nevertheless, they provide a convenient justification for the recent, and frankly, disconcerting valuations assigned to those who fabricate the silicon upon which these intelligences reside. Specifically, the companies known as Nvidia (NVDA 3.17%) and Advanced Micro Devices (AMD 1.94%). Their share prices have ascended to altitudes that defy rational analysis, increasing by 1,140% and 208% respectively since the commencement of this year. A most curious spectacle.