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Joby, at present, is mostly a collection of very clever engineers and a rather substantial burn rate. They’re spending a lot of money trying to build something that, until recently, existed primarily in science fiction. There are other companies chasing this dream – the sky, it seems, is becoming rather crowded with hopeful aircraft designers – but they’re all, at this stage, largely preoccupied with getting their machines approved by regulators, a process that can take longer than building the aircraft itself. It’s a bit like trying to launch a rocket while simultaneously writing a 500-page environmental impact statement.

Everyone’s talking about AI stocks being under pressure. AI. Honestly. It’s a buzzword. A very irritating buzzword. And AMD’s valuation took a hit because of it. Meanwhile, they’re actually doing things. Delivering results. But no, let’s focus on what might happen. It’s exhausting.

The company’s ambition – to harvest mineral wealth from the abyssal plains of the ocean – is, to say the least, unconventional. Rather than excavating the earth, a practice fraught with both expense and social disruption, they propose to gather polymetallic nodules, those curious formations lying upon the seabed, containing a concentration of nickel, copper, cobalt, and manganese most gratifying to the modern industrialist. It is a scheme promising, should it succeed, to diminish our dependence upon foreign suppliers – a circumstance ever desirable, and increasingly so in these unsettled times.

The company, you see, began by crafting these curious devices for forklifts – mechanical beasts employed in the endless shuffling of goods within vast warehouses. But the true peculiarity lay in the fuel itself. They would supply the hydrogen, purchased from others at a considerable cost, and then sell it to their customers, accepting a loss with the solemnity of a funeral procession. It was a business model built on the principle of cheerfully throwing money into a bonfire, a spectacle that attracted the attention of investors with a particular fondness for self-inflicted wounds.

If you have precisely $1,000 burning a hole in your digital pocket, which one deserves your attention? Let’s unpack this, shall we? (Unpacking, incidentally, is a severely underrated skill in the modern world. Mostly because everyone just throws everything into boxes and hopes for the best.)

Here’s the thing. Guardian Capital didn’t own a single share of Boyd Group as of September 30th. Zip. Nada. Then, suddenly, over 448,000 shares appear. It’s like they realized, mid-quarter, that collision repair was a growth industry. Or maybe their analyst had a particularly bad parking experience.

It appears the company has been rather successful in securing some new contracts, a development which, naturally, tickled the fancy of investors. Year to date, the stock has climbed a most impressive 100.5%, a performance that suggests either a genius stroke of management or a temporary lapse in the collective judgment of the financial world. One suspects it’s a bit of both, what?

Nvidia (NVDA +0.10%) continues to demonstrate that mastery of the silicon canvas yields a most agreeable return. Their latest quarterly report, while predictably robust, merely confirmed what discerning observers already knew: that the demand for their graphical processing units is, shall we say, rather inconveniently high. The recent dip in share price, a momentary pause for breath after a prodigious ascent, presents a rare opportunity – a fleeting moment of reason in a market otherwise consumed by irrational exuberance.