However, some companies have demonstrated a more…robust appetite for growth. Among these, Canadian Natural Resources (CNQ 0.17%) stands out, a Calgary-based firm engaged in the extraction of what remains of the earth’s more easily accessible resources. A pursuit, one might observe, with a limited shelf life.
Now, let’s do some back-of-the-envelope calculations. Assuming a ten percent annual return – and yes, the S&P 500 has historically averaged around that, but past performance is no guarantee of future results, blah, blah, disclaimer, you know the drill – it’ll take roughly 31 years to hit that million-dollar mark. Thirty-one years! That’s… a good chunk of time. Plenty of time to perfect your shuffleboard game. But trust me, it beats working until you’re 85. And it’s a heck of a lot less stressful than trying to time the market. Which, by the way, is like trying to herd cats. With boxing gloves.
Chainlink ended the day as lively as a rock-zero movement! This is according to some analyst, who goes by the name CRYPtowzrd (seriously, what’s with these names?). Anyway, he says the charts show it’s trading lower than a downward trend line. Big surprise there! Despite some attempts at stabilizing, it’s like the coin forgot how to be bullish. Come on, Chainlink, get it together!
It is a curious asymmetry. While the consumer-facing applications of this technology – the chatbots, the image generators – operate largely on hope and borrowed money, the underlying infrastructure is, for the moment, a comparatively solid proposition. This suggests a strategy, if one is inclined to indulge in such things, of backing the pick-and-shovel merchants rather than the gold prospectors. Two companies, Micron Technology (MU 2.61%) and Broadcom (AVGO 1.02%), present themselves as plausible beneficiaries of this digital rush.
While the market’s narrative often revels in dramatic flourishes-swings and swoons, oh my!-a measured interpretation of these signals offers a clearer glimpse into the soul of Bitcoin’s price trends in the months to come. But who are we to decipher such mysteries? Mere mortals, after all.
Memory chips, too, have seen a brief flowering. Demand, predictably, outstrips supply. A temporary imbalance, most likely. These things rarely resolve themselves neatly. It is a curious thing, this constant striving for more, when so often, enough would suffice.
We’re past the “AI will write your novel” phase and firmly in the “AI will optimize your supply chain” phase. Which is less glamorous, admittedly, but a lot more likely to show up on a quarterly earnings report. So, let’s talk about three companies that aren’t just promising AI magic, but are actually delivering it. And, crucially, aren’t priced like they’re selling unicorn tears.
The company reported earnings this morning, a ritualistic exercise in accounting and projections. The numbers were… adequate. Not disastrous, certainly, but lacking the effervescence one might expect from a purveyor of refreshment. It seems the market, having indulged in a prior bout of enthusiasm, found the reality less stimulating than the anticipation.
Cardano (ADA), a layer-1 network of some repute, has slipped into the abyss, down over 80% from its December 2024 zenith and 91% from its all-time high. Such is the fate of those who dare to dream in the crypto wilderness. Even the launch of CME futures and the impending Midnight mainnet debut could not stem the tide of despair. The futures, a gift to American investors, were but a fleeting distraction from the inevitable.
The irony, naturally, is exquisite. All this fuss over overvalued tech, and a perfectly serviceable house remains stubbornly…expensive. One wouldn’t have thought it required a genius to spot that, would one? But necessity, as they say, is the mother of invention – and a rather pressing need for somewhere to live. Estimates vary, naturally. Somewhere between two and eight million houses short, depending on who one asks. A rather frightful statistic, but hardly a surprise.