Industry Overview - Nuclear power is experiencing a resurgence globally, driven by increasing power demands from artificial intelligence and a shift towards green energy, prompting significant investments in nuclear capacity [1] - The demand for uranium has surged, with its spot price increasing by 32% over the past year, contrasting with declines in other energy resources [2] Company Profile - Cameco is the second largest uranium producer globally, responsible for 15% of the world's uranium production in 2025, and operates high-grade uranium mines such as Cigar Lake and MacArthur River/Key Lake [4] - The company also has a 49% stake in Westinghouse, which produces advanced nuclear reactors and is developing a small modular reactor [5] Strategic Positioning - Cameco is well-positioned to support the U.S. Department of Energy's goal to triple nuclear energy generation by 2050, benefiting from favorable tax rates on Canadian uranium [6] - The U.S. has entered an $80 billion deal with Cameco and Brookfield Asset Management for the purchase of new AP 1000 reactors [6] Global Expansion - Several countries, including China, Poland, Bulgaria, Ukraine, and India, are investing in AP 1000 reactors, indicating a strong international demand for nuclear technology [7] Financial Performance - In the most recent quarter, Cameco exceeded earnings expectations by 13.6%, recovering from a previous miss [8] - Revenues for 2025 increased by 11% to $3.48 billion, with diluted earnings per share rising by 246% to $1.35, and cash reserves growing to $1.2 billion against total debt of $1 billion [9] - The company raised its dividend by 50% compared to 2024, although the yield remains low at 0.15% [9]

Core Viewpoint - AI spending continues to grow despite market fluctuations, indicating a bullish trend for companies involved in AI, with expectations of sustained growth in the coming years [1] Group 1: Nvidia - Nvidia remains a leading provider of computing units in the AI sector, with significant improvements in its chip architecture, Rubin, which requires fewer GPUs for training and inference [4] - For fiscal year 2027, Nvidia is projected to grow at a rate of 65%, up from 57% in FY 2026, driven by accelerating demand for its GPUs [6] Group 2: Taiwan Semiconductor Manufacturing (TSMC) - TSMC is the largest chip foundry globally and benefits from the AI buildout, expecting nearly 30% revenue growth in U.S. dollars this year [7] - TSMC is well-positioned to capitalize on increased AI spending, with major hyperscalers planning to spend around $650 billion on capital expenditures [8] Group 3: Broadcom - Broadcom is emerging as a competitor in the AI computing landscape, offering ASICs that provide similar or better computing power at a lower price compared to Nvidia GPUs [9] - Demand for Broadcom's custom AI chips is surging, with management projecting revenue from AI chips to double in the upcoming quarter [11] Group 4: Microsoft - Microsoft is currently trading at a lower valuation, with a forward earnings ratio of 24, presenting a potential buying opportunity despite previous investor hesitance [12][14] Group 5: Alphabet - Alphabet has regained its position as a leader in generative AI, with its Gemini model and Google Cloud platform showing impressive growth [15] - While Alphabet may not have the same upside potential as other stocks, it is considered a solid foundation for a portfolio due to its strong prospects in AI innovations [16]

Core Insights - Oklo is a pre-revenue company focused on advanced fission technology and nuclear fuel recycling, presenting both significant risks and potential upside for investors [1][3] Company Overview - Oklo is developing advanced fission reactors known as Aurora powerhouses to address the increasing energy demands of data centers and industries such as defense and manufacturing [2][3] - The company currently has a market capitalization of $11 billion and is trading at approximately $63.83 per share, reflecting a significant premium due to investor optimism rather than current revenue [2][4] Partnerships and Agreements - Oklo has established binding agreements with major companies, including Meta Platforms, Siemens Energy, and Liberty Energy, which are expected to convert into revenue once the technology is deployed [3][5] - The company anticipates deploying its first reactors in 2027, contingent upon receiving licensing approval from the U.S. Nuclear Regulatory Commission (NRC) [3][7] Stock Performance and Valuation - The stock has experienced substantial volatility, with a peak increase of over 700% in 2025, ending the year up nearly 240%, indicating that the valuation is driven by optimism rather than fundamentals [4][5] - As of February 19, the stock price has retreated from its 52-week high of $193, currently trading around $65 per share [5] Market Demand and Future Prospects - There is a growing demand for Oklo's reactors, particularly in light of the increasing power needs associated with AI technologies [7] - If Oklo receives the necessary approvals and successfully deploys its reactors by 2027, it could lead to substantial revenue growth and new stock highs [8]

Group 1 - The tech sector is undergoing a transition to AI, with Nvidia positioned to benefit despite recent stock price declines [1][4] - Nvidia's CEO, Jensen Huang, believes the shift to AI will take years, indicating that the sector has not yet reached its peak [5] - Nvidia forecasts fiscal Q4 sales of $65 billion, a significant increase from the previous year's $39.3 billion, suggesting strong ongoing demand for AI [6] Group 2 - Nvidia's market cap is $4.6 trillion, with a current stock price of $189.67 and a gross margin of 70.05% [8] - The company is forming strategic partnerships, including a $5 billion investment in Intel, enhancing its manufacturing capabilities for future semiconductor chips [8] - The stock's forward earnings multiple has dropped to levels not seen since the previous administration's tariff policies, indicating an attractive valuation for potential investors [10]

Company Overview - Borr Drilling Limited provides offshore drilling services, focusing on the ownership and operation of jack-up rigs for shallow-water oil and gas exploration and production [5] - The company generates revenue by contracting rigs and related services to oil and gas companies, charging for rig time, equipment, and work crews [5] Financial Performance - Borr Drilling reported a revenue of $1.02 billion and a net income of $75.30 million for the trailing twelve months (TTM) [4] - The company has a dividend yield of 4.03% as of February 20, 2026 [4] - As of the same date, shares of Borr Drilling were priced at $5.95, reflecting a 95% increase over the past year [3][4] Market Activity - GeoSphere Capital Management acquired 1,385,000 shares of Borr Drilling, valued at approximately $5.58 million, during the fourth quarter of 2025 [2] - This new position accounts for 1.8371% of GeoSphere's reportable assets under management [3] Industry Dynamics - The offshore drilling sector is highly cyclical, with improving contract activity expected to lift earnings sharply [1][7] - Following years of underinvestment, offshore activity is recovering, leading to a significant rise in Borr's stock price [7] - The company's profitability is closely tied to the demand for rigs and contract prices, which can fluctuate based on industry activity [9][10] Investment Considerations - Investors should monitor whether higher day rates and stronger rig demand can be sustained, as these factors will influence Borr's cash flow [10] - High fleet utilization and manageable debt levels are critical for Borr to capitalize on industry improvements [10]

Company Overview - Tuya is transitioning from a behind-the-scenes tech platform to a leader in real-world AI, focusing on smart assistants, companion robots, and connected devices [1] - The company operates an AI cloud platform that enables brands and developers to create connected products without building the entire software infrastructure [2] Market Position - As of September 2025, Tuya had over 1.62 million registered developer accounts across more than 200 countries, showcasing its extensive global reach in the smart device ecosystem [3] - Tuya's market capitalization is approximately $1.2 billion, with a stock price range of $1.86 to $4.63 over the past 52 weeks [7] Financial Performance - Tuya reported a GAAP net profit of $15 million in Q3 2025, a significant improvement from losses the previous year, with gross margins reaching 48.3% [8] - The company holds about $1.026 billion in cash and has zero debt, which constitutes roughly 85% of its market cap, indicating a strong financial position [9] Product Innovations - At CES 2026, Tuya introduced a new Software-Hardware-Platform Physical AI ecosystem, indicating a shift towards AI that interacts with the real world [4] - The company unveiled "Hey Tuya," a multi-agent AI life assistant, and "Aura," its first AI pet companion robot, demonstrating its commitment to integrating AI into daily life [5][6] Investment Opportunity - Tuya's stock is seen as undervalued, with a disconnect between its price and fundamentals, making it an attractive investment for those looking for opportunities in the AI sector [8][9] - For a small investment of $100, investors can acquire approximately 45 shares of a profitable, cash-rich AI platform that is currently overlooked by the market [10]

Core Viewpoint - Tandem Diabetes Care is transitioning to a more predictable and lucrative business model, resulting in significant profitability gains and a notable increase in stock price [1][3]. Group 1: Financial Performance - Tandem's sales increased by 3% year-over-year, reaching $290 million in the fourth quarter, with worldwide insulin pump shipments totaling 38,000 units, including 27,000 in the U.S. [3] - The company's gross margin improved to 58%, up from 56% in the same quarter last year, contributing to an operating income of $8.3 million, compared to a loss of $0.6 million in the prior-year period [5]. - The market capitalization of Tandem is currently $1.3 billion, with a stock price increase of 32.67% to $24.57 [4]. Group 2: Business Model and Future Outlook - Tandem is adopting a pay-as-you-go pharmacy structure, which reduces upfront costs for customers and generates recurring revenue, aligning with the company's goal of achieving more predictable and profitable revenue streams [3][7]. - For 2026, Tandem anticipates full-year sales between $1.065 billion and $1.085 billion, with projected gross margins of 56% to 57% [7]. - The CEO highlighted 2025 as a pivotal year, marking over $1 billion in worldwide sales and record gross margins while modernizing commercial operations and reshaping the business model [6].

Company Overview - NuScale Power is a nuclear technology company focused on small modular reactors (SMRs) and is the only U.S. company with SMR design approval from the Nuclear Regulatory Commission (NRC) [2] - The company is currently facing challenges, with shares priced around $14 and no firm sales despite agreements to deploy technology for the Tennessee Valley Authority (TVA) and a Romanian power plant project [4] Financial Performance - NuScale has a market capitalization of $4.1 billion and is currently operating at a loss, with a gross margin of 64.95% [5][6] - The company has trailing-12-month revenue of approximately $64 million, resulting in a high price-to-sales ratio of about 68 times [10] Market Opportunity - There is a significant opportunity for NuScale as demand for power from data centers could increase by up to 175% by 2030, according to Goldman Sachs [8] - The aging U.S. power grid, built mainly after World War II, requires new energy solutions to meet the increasing energy demand, which NuScale's factory-assembled reactors could help address [9] Investment Considerations - Despite the potential for long-term rewards, investors should be cautious of the near-term volatility, as profitability may not be achieved for several years [6][10]

Core Viewpoint - ExxonMobil has a strong history of increasing its annual dividend payouts, having done so for 43 consecutive years, positioning itself as a reliable option for passive income investors [1] Group 1: Dividend and Investment Appeal - The current dividend yield of ExxonMobil is 2.7%, meaning an investment of $10,000 would yield $273 in annual dividends [2] - The company is well-positioned to continue delivering dividends due to its efficient operations and strategic investments [9] Group 2: Business Operations and Efficiency - ExxonMobil operates an integrated business model that includes both upstream (exploration and drilling) and downstream (refining and production of fuels and petrochemicals) operations [3] - The company is shifting its portfolio towards advantaged assets, which are expected to make up 65% of its upstream production by 2030, up from 59% in 2025 [4] - ExxonMobil employs advanced technology, such as cube development in the Permian Basin, to enhance recovery and efficiency, with plans to increase the use of proprietary proppant technology from 25% to 50% of its wells by late 2026 [6] Group 3: Production and Future Outlook - Production in the Permian Basin reached a record of 1.6 million oil-equivalent barrels per day, with projections to exceed 2.5 million by 2030 due to improved drilling productivity and recovery efficiency [8] - The company has achieved $15.1 billion in cumulative structural cost savings since 2019, allowing it to maintain lower costs and higher returns compared to competitors [7]

But it's good news for Eli Lilly, too.Novo Nordisk (NVO 2.05%) has struggled over the past year, and the company recently hit another setback when it reported disappointing fourth-quarter results and even worse guidance for fiscal year 2026. The stock price fell by nearly 15% following these developments.However, there are several things to look forward to for Novo Nordisk. One of them is its recent launch of an oral version of its famous weight loss drug, Wegovy. And regarding this product, Novo Nordisk ju ...