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Kratos, you see, is in the business of drones – those mechanical birds of war, if you will. And not just any drones, mind you, but the kind that the military is throwing money at faster than a gambler loses his shirt. They build the things you use for target practice, which is a fine business, I suppose, if you don’t think too hard about it. But their real pride and joy is the XQ-58 Valkyrie – a “loyal wingman” drone, they call it. Sounds like something out of a dime novel, don’t it? The Air Force and Marines are kicking the tires on it, and Kratos is partnered up with Northrop Grumman to make it even more… ambitious.

There’s been talk, of course, of NAND memory driving this surge. But Chong is looking past the immediate bloom, focusing instead on DRAM, specifically the high-bandwidth variety. It’s a shift in focus, a recognition that the real strength lies not in fleeting trends, but in the foundational stuff.

Let us entertain, for a moment, the unsettling possibility that the macroeconomic winds turn decidedly…brisk. That the central bank, cornered by circumstance and haunted by the specter of inflation, is forced to tighten the screws. A grim thought, to be sure, but a prudent one. And for those who wish to navigate such turbulent waters, there exists a most curious vessel indeed: the Fidelity Dividend ETF For Rising Rates (FDRR +0.35%). A fund, one might say, built not for calm seas, but for the gathering storm.

Now, let’s talk numbers. If you, with a boldness I frankly lack, had invested $5,000 in NuScale back in January 2024, you’d be looking at a return of… well, a rather startling 643.3%. That $5,000 would now be worth approximately $37,160. It’s the sort of return that makes you wonder if you’ve accidentally stumbled into a time warp or perhaps miscalculated your grocery budget. Here’s a chart, because humans seem to enjoy looking at wobbly lines that represent financial gains (and losses).

The filing with the Securities and Exchange Commission, dated February 2nd – a date that will likely prove inconsequential – details this divestment. It is a process, one suspects, governed by algorithms and overseen by individuals who have long since ceased to comprehend the underlying assets. The fund’s remaining position now constitutes 1.68% of its reported U.S. equity assets, a percentage that feels both significant and utterly meaningless. A small weight on a scale that measures only its own calibration.

It is now, a mere month into this new year, that a prudent investor pauses to reassess the landscape. My own holdings, I confess, are rather…conservative. Apple and Berkshire Hathaway. Two behemoths, seemingly immune to the prevailing hysteria. I grow more convinced with each passing day that these are not merely investments, but rather, bulwarks against the encroaching absurdities of modern finance. They offer a certain…equilibrium. A counterpoint to the speculative fever that grips the market. One could almost say they possess a soul.

Because here’s the thing: this isn’t your standard champagne-and-confetti market. For the last few years, it’s been all about Tech, growth stocks, the “Magnificent Seven” – basically, a handful of names propping everything else up. It’s like being at a party where one person is doing all the talking, and everyone else is just nodding politely, hoping they don’t get asked a direct question.

So, it all started in 1993. Jensen Huang, a bright fella, teamed up with a couple of other guys. Artificial intelligence? Forget about it! That was science fiction, like jetpacks and reasonable airline food. No, these guys were focused on something far more pressing: making video games look… less blocky. The 90s tech boom was all about pushing those pixels, trying to get past the two-dimensional limitations. Imagine! Games that weren’t just side-scrollers! The horror!

The reduction, documented in a recent SEC filing, represents a modest recalibration of Capital Management’s portfolio. The net effect of this transaction, combined with the natural ebb and flow of market value, amounts to a $7.14 million shift. Yet, the remaining stake – 116,575 shares, valued at $37.12 million – is no mere residue. It is the enduring root, still deeply embedded in the fertile ground of technological advancement.

They’ve acquired a trifle over 1.5 million shares, representing 1.26% of their reportable assets. A modest percentage, perhaps, but one can’t help but suspect there’s a bit of a story behind it. Artemis, you see, isn’t the sort of firm to throw money about willy-nilly. They prefer a considered approach, a bit like choosing a perfectly fitting pair of spats – it must be just right.