Nuclear Energy

Start with what nobody wants to say out loud: Microsoft’s stock dropped 24% from its late-December high of $488.1 to $371.1 by March 25, 2026, and the dominant narrative is OpenAI drama and interest rate pressure. That’s probably right. But it’s also probably missing the part where Microsoft is quietly doing something no one else is positioned to do at scale. The Nvidia partnership is the signal, not the noise: wiring nuclear reactors directly into AI infrastructure while everyone else is still arguing about grid capacity. This isn’t a press release relationship. Microsoft’s capex-to-revenue ratio jumped from 18.2% in FY2024 to 22.9% in FY2025. That’s not a rounding error. That’s … Read more