Investing

[Deleterious]

No revenue?  Not a single customer giving one red cent?  And their company has a market cap of $26 billion, $45 billion across the entire sector.

The Frothiest AI Bubble Is in Energy Stocks

Quote

For all the fears about stretched technology shares, many of those companies are hugely profitable ones that will keep chugging along even if the artificial-intelligence boom doesn’t have legs. Not so in the energy sector. A group of non-revenue-generating energy companies have collectively ballooned in value to more than $45 billion in hopes that tech companies will one day pay for their yet-to-be-built power.

The biggest of these is the OpenAI CEO Sam Altman-backed nuclear startup, whose shares have risen about eightfold year to date. The company now has a market cap of roughly $26 billion, making it the biggest U.S.-incorporated public company that generated no revenue in the past 12 months, according to data from S&P Global Market Intelligence.

Oklo is developing small modular nuclear reactors that use a non-water coolant—liquid metal sodium—and an enriched type of uranium fuel that is in limited supply. It doesn’t yet have a license from the U.S. Nuclear Regulatory Commission or binding contracts with power purchasers. Wall Street analysts don’t expect the company to generate substantial revenue until 2028. 

 

[Tigeraholic1]

1 hour ago, Deleterious said:

No revenue?  Not a single customer giving one red cent?  And their company has a market cap of $26 billion, $45 billion across the entire sector.

The Frothiest AI Bubble Is in Energy Stocks

 

These mini nuke plants are the future of energy. 

[Hongbit]

I don’t know what the future is but I’d be very surprised if it happened here.  

This political agenda against immigration and universities will cause a massive brain drain and slow the pace that these companies can develop the latest and greatest technology achievements.  

Edited October 15 by Hongbit

[Deleterious]

1 hour ago, Tigeraholic1 said:

These mini nuke plants are the future of energy. 

That was my first time hearing about them.  I will have to do some reading.  

[Tigeraholic1]

6 minutes ago, Deleterious said:

That was my first time hearing about them.  I will have to do some reading.  

We are going to start rolling these out in Indiana soon. 

https://www.in.gov/oed/resources-and-information-center/about-indiana-resources/technologies/small-modular-reactors/

 

[CMRivdogs]

Of course they’ll be a bit larger to power your home. 
 

Beware of the door to door sales folks

Edited October 15 by CMRivdogs

[gehringer_2]

1 hour ago, Tigeraholic1 said:

We are going to start rolling these out in Indiana soon. 

https://www.in.gov/oed/resources-and-information-center/about-indiana-resources/technologies/small-modular-reactors/

 

these projects are moving targets and I don't track them particularly closely, but these are probably the same units that Ontario Power is building at Darlington Ontario (north shore of Lake Ontario) which is already the site of a set of conventional CANDU reactors. One modular is being built at Darlington now, 3 more are planned. They will be the 1st modular reactors in N. America. 

A lot of folks are watching this. Part of the project at Palisades MI is to add two or more modulars at that site along with the restart of the PWR, but everyone is waiting to see if the reactors at Darington work as advertised. Ontario power also is considering putting Modulars in at the site of the huge coal plant (2400MW) at Nanticoke (lake Erie) that has been torn down.

 

Edited October 15 by gehringer_2

[gehringer_2]

3 hours ago, Tigeraholic1 said:

These mini nuke plants are the future of energy. 

but probably not the liquid sodium cooled concept this outfit is pushing. Liquid metal cooling is one of those bad ideas like Hydrogen powered cars that sounds good so it just won't die.

TBF, I think what is at work here is the divergence between science and engineering. There are some things which are elegant Science or elegant logic, that simply can't be adequately engineered in the real world. So these ideas just keep getting life and investment, and then ultimately fail the test of ever actually being executed in the mundane real world of what is practically possible.

Edited October 15 by gehringer_2

[Tigeraholic1]

3 minutes ago, gehringer_2 said:

but probably not the liquid sodium cooled concept this outfit is pushing. Liquid metal cooling is one of those bad ideas like Hydrogen powered cars that sounds good so it just won't die.

Maybe not but mini nukes are the future one way or another. I am in Dearborn working on a project with Ford. They have a whole engineer wing working with DTE on nuke tech. 

[Hongbit]

Whatever the Chinese are working on is the future.   

[gehringer_2]

10 minutes ago, Tigeraholic1 said:

Maybe not but mini nukes are the future one way or another. I am in Dearborn working on a project with Ford. They have a whole engineer wing working with DTE on nuke tech. 

Nuclear power is a good base load match for renewables. The question is whether US society can still produce the kind of competence and discipline required to be a safe nuclear operator. At one end, the US Navy does very well - at the other end we saw the outcome of a sloppy and poorly disciplined society running Nuke plants in Chernobyl. I've have no qualms about the science and engineering of nuclear power. But accountability is such foreign word in US business management  today that I do worry about nuclear power in the hands of quarterly profit driven/unaccountable management US business.

Edited October 15 by gehringer_2

[Deleterious]

 

[Tigeraholic1]

1 hour ago, Deleterious said:

 

My 2025 Ford F250 backup camera shows on the screen upside down. Dealer said they have no current fix lol.

[Screwball]

I'm not surprised.

To make a long story short, I have a 2016 Colorado, purchased new from a dealer. A few months ago i noticed my temperature gauge going up into the hot zone, then coming back to normal. I took it to the dealer, they put in a new thermostat, sensor, and flushed the coolant system. Over 850 bucks - and it didn't fix it. They wouldn't do anything about it, unless I paid more money. For what? Fixing a problem you already failed to fix?

So I took it to another dealer. This one only cost me 650 bucks, and they failed to fix it as well, and they had it for 3 days. WTF? 

But I did get this piece of paper that was a GM service bulletin that said, and I quote;

Condition deemed normal by engineering at this time.

Translated - they have a piss poor design that they can't fix, and a recall would be too expensive - so we will **** you over and then let the non-existent customer service take care of the rest. TL;DR - you are ****ed.

[gehringer_2]

29 minutes ago, Screwball said:

I'm not surprised.

To make a long story short, I have a 2016 Colorado, purchased new from a dealer. A few months ago i noticed my temperature gauge going up into the hot zone, then coming back to normal. I took it to the dealer, they put in a new thermostat, sensor, and flushed the coolant system. Over 850 bucks - and it didn't fix it. They wouldn't do anything about it, unless I paid more money. For what? Fixing a problem you already failed to fix?

So I took it to another dealer. This one only cost me 650 bucks, and they failed to fix it as well, and they had it for 3 days. WTF? 

But I did get this piece of paper that was a GM service bulletin that said, and I quote;

Condition deemed normal by engineering at this time.

Translated - they have a piss poor design that they can't fix, and a recall would be too expensive - so we will **** you over and then let the non-existent customer service take care of the rest. TL;DR - you are ****ed.

and the thing, as I learned after the T sensor on my Chevy drifted, is  that the engine computer makes a bunch of decisions based on what it thinks the temp is so you pretty much need it to be right. Back in the day if you had a bad sensor but you knew nothing was wrong, no real biggie. No such luck today. Seem to be a lot of things in today's engineering world where there is race on between increasing reliability of individual components vs decreasing fault tolerance of an increasingly complex system. We went through a long period with cars where net reliability kept getting better (solid state ignition, better instrumentation, cleaner fuels, better machining tolerances, more corrosion resistant materials, higher performance lubes) but we seem to be in danger of them going over the cliff with so many added bells and whistles that those gains could be lost.

Edited October 17 by gehringer_2

[Screwball]

4 hours ago, gehringer_2 said:

and the thing, as I learned after the T sensor on my Chevy drifted, is  that the engine computer makes a bunch of decisions based on what it thinks the temp is so you pretty much need it to be right. Back in the day if you had a bad sensor but you knew nothing was wrong, no real biggie. No such luck today. Seem to be a lot of things in today's engineering world where there is race on between increasing reliability of individual components vs decreasing fault tolerance of an increasingly complex system. We went through a long period with cars where net reliability kept getting better (solid state ignition, better instrumentation, cleaner fuels, better machining tolerances, more corrosion resistant materials, higher performance lubes) but we seem to be in danger of them going over the cliff with so many added bells and whistles that those gains could be lost.

I will always get more complicated due to technology, but they forget (or fail to acknowledge it) the most important rule of design - the KISS rule - keep it simple stupid.

I worked in a test lab starting in 1987 where we were laying the ground work for where we are today. We did some incredible stuff, then the bean counters took over...

[Screwball]

How about a little chart porn. I love chart porn. Below is a chart of the S&P going back to March. You can see the low bubble at 4835.04 (4/7/2025) and the high bubble at 6764.58 (10/10/2025). That's about a 40 percent rip if I did the math right. That's nuts.

If you look up at the very top right, there is some interesting things going on. Let's look at a closer picture.

The trading day after the market hit the top bubble, Thursday 10-9, it took a big **** on Friday. Since then the trading days have not been outside of that large candle printed that Friday. I think that is something to watch. 

[gehringer_2]

35 minutes ago, Screwball said:

I will always get more complicated due to technology, but they forget (or fail to acknowledge it) the most important rule of design - the KISS rule - keep it simple stupid.

I worked in a test lab starting in 1987 where we were laying the ground work for where we are today. We did some incredible stuff, then the bean counters took over...

A friend was a senior test engineer at Hydramatic for 20 yrs. One of the guys that would take cars to the Baja enduro rallies and beat them to bits. He had similar stories. They'd be denied approval for a $0.15 increase for better gasketing to reduce internal flow losses in a tranny. Just idiotic stuff when you consider the cost of warranty repairs. But "that's on someone else's budget!"

The stupid, short sighted, put yourself out of business down the road decisions I saw made by refinery managements are just as legion. The corporate system doesn't work in the US anymore. Pick whatever theory you like for why, but it's broken in all of them.

Edited October 18 by gehringer_2

[Screwball]

18 minutes ago, gehringer_2 said:

A friend was a senior test engineer at Hydramatic for 20 yrs. One of the guys that would take cars to the Baja enduro rallies and beat them to bits. He had similar stories. They'd be denied approval for a $0.15 increase for better gasketing to reduce internal flow losses in a tranny. Just idiotic stuff when you consider the cost of warranty repairs. But "that's on someone else's budget!"

The stupid, short sighted, put yourself out of business down the road decisions I saw made by refinery managements are just as legion. The corporate system doesn't work in the US anymore. Pick whatever theory you like for why, but it's broken in all of them.

Yea, same kind of ****. I never got it. We had issues, and we knew we had issues, but we never addressed them. I always said "you can't fix a problem unless you admit you have one."

I think it goes back to the corporate climber wannabees. It was all about them. And the bean counters.

I find it really sad. Given the advances in tech, we could be doing so much more, but don't, or can't, given the system.

[chasfh]

On 10/13/2025 at 12:53 PM, 1984Echoes said:

We almost already did.

Until Teddy Roosevelt became president.

Which is why Trump’s favorite all-time president is McKinley—the last open friend of the trusts in the White House before this guy.

[chasfh]

On 10/13/2025 at 9:57 PM, Screwball said:

The public can't do jack **** about it (or because) the political dip****s are nothing but paid off whores who spend all their time fundraising and lying to the masses of sheep who still believe in their **** and get away with it instead of stringing them up by their nuts. (I'll probably have the goons banging on my door tomorrow for that)

I can't wait for the next chapter of how we bail out the bankers when this massive cluster **** of a bubble blows up.

Rule of thumb: if the politicos are getting wealthy by ripping off the masses of sheep—i.e., if they know exactly what they’re doing and they’re succeeding at doing it—they’re not dip****s. 

[chasfh]

11 hours ago, Screwball said:

How about a little chart porn. I love chart porn. Below is a chart of the S&P going back to March. You can see the low bubble at 4835.04 (4/7/2025) and the high bubble at 6764.58 (10/10/2025). That's about a 40 percent rip if I did the math right. That's nuts.

If you look up at the very top right, there is some interesting things going on. Let's look at a closer picture.

The trading day after the market hit the top bubble, Thursday 10-9, it took a big **** on Friday. Since then the trading days have not been outside of that large candle printed that Friday. I think that is something to watch. 

I think it might be time for some trailing stops on the indexes I own.

[1984Echoes]

13 minutes ago, chasfh said:

I think it might be time for some trailing stops on the indexes I own.

And buy Puts.

[1984Echoes]

Or Put ETF's.

[Deleterious]

Amazon is still up about 1% so far today.