usdaed

Let’s break down the math. Because nobody likes surprises, except maybe birthday parties.

They held 611,495 shares, you know, which felt…significant. But apparently not significant enough. The fund reported zero holdings for the fourth quarter. Zero. It’s a bit like clearing out your closet – feels good at the time, then you realise you have nothing to wear.

Two such possibilities, currently available for the price of a decent lunch, are Nintendo and Sprouts Farmers Market. Don’t dismiss them because they don’t involve glowing wires or promises of singularity. Sometimes, the most reliable magic is the kind that puts food on the table and a smile on a child’s face.

The source of this exuberance, it appears, is the arrival on the scene of Elliott Management, a firm of activist investors with a penchant for stirring things up. They’ve taken a substantial slice of the Norwegian pie – a full 10%, to be precise – and, with the boldness of a seasoned captain charting a new course, published a presentation and a letter to the Board of Directors. The gist of it is this: Norwegian, while perfectly pleasant, is capable of so much more. Investors, it seems, are rather cheering this intervention, a most agreeable development.

It seems rather illogical, doesn’t it? These companies, not yet the lumbering behemoths of the large-cap world, yet demonstrably more established than the perpetually precarious small-caps, possess a certain… potential. A dash of growth, a soupçon of stability. One might even call it a happy medium, if one were feeling particularly vulgar.

Now, the market cap is a modest $3.13 billion, and the share price is hovering around $7.46. Look, I’ve seen smaller numbers on losing lottery tickets. But, if – and that’s a big if, bigger than my Uncle Leo’s appetite – if they can maintain a 15% compound annual growth rate for the next decade, well, that’s something. It’s a smidge better than the S&P 500 (^GSPC +0.38%)’s recent performance, and let’s be honest, the S&P is like that reliable, slightly boring uncle everyone has. This AI stock? It’s the wacky cousin who shows up wearing a fez.

They make the chips that think. Or, more accurately, that allow machines to pretend to think. It’s a subtle difference, but important. And people were paying handsomely for that pretense. Revenue climbed, profits swelled. Over a hundred and thirty billion dollars last year. A sum so large it loses all meaning. It’s just numbers on a screen, after all.

It is, however, a truth rarely acknowledged that the benefits of this digital fervor do not accrue solely to those who design the algorithms or market the distractions. A more mundane, yet crucial, component of this infrastructure is the provision of electrical power. And it is here, predictably, that a certain utility – NextEra Energy – finds itself in an advantageous position. They are, in essence, providing the lifeblood to the digital behemoths, and profiting accordingly. It is a simple equation, and one rarely deviates from predictable outcomes.