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“Energy hyperbole and the madness of crowds are evident with both NuScale Power and Fermi America. Bubbles burst.”

The most mature U.S. small modular nuclear reactor vendor — NuScale Power — and a politically connected firm planning to build perhaps the largest reactor project in the U.S. to power an enormous Texas data center — Fermi America — have both suffered recent, major, possibly existential blows.  NuScale and Fermi, both publicly traded, have seen their stock value plummet amid bad financial results, questionable management decisions, and attacks by the wolves of Wall Street, short sellers, and claims of securities fraud.

NuScale Power

Oregon-based NuScale Power (NYSE:SMR) is the only advanced reactor vendor in this new market with a design approved by the U.S. Nuclear Regulatory Commission, a “first mover” advantage. It also uses the familiar and well-understood pressurized light water cooled technology, which has decades of mostly successful operation.…

“The Affordable Insurance and Recovery Act (SB 982) would impose liability on fossil fuel companies for ‘climate-attributable damages,’ expected to be assessed in billions of dollars. It would empower California’s attorney general to sue the state’s oil companies without even needing to prove fault, negligence, or specific causation by an individual company.”

California is strangling its own energy base—then blaming oil companies for the predictable fallout of shortages, wildfires, and policies built on ideology instead of economics.

Even if the most dire climate scenarios are accurate, and humanity must transition away from fossil fuel, it can’t happen overnight. The rational approach is to first develop alternative sources of energy without precipitously destroying the industries that reliably produce oil and natural gas. Once alternatives are available at a competitive price and in sufficient quantities, demand naturally migrates to the alternatives.…

“Amazon, Google, Meta, Microsoft, and Oracle have announced AI capital spending plans totaling $650 billion this year, up 70% from 2025 and up 650% from 2020. This single-year spending total is larger than the individual Gross Domestic Product of 168 nations.”

“Economy-transforming artificial intelligence faces a rising battle between the Trump administration and progressive environmental groups, a major issue for the mid-term elections.”

Artificial intelligence is impacting the economy on a scale that may surpass changes from the internet revolution. Science, technology, energy, transportation, health care, industry, and business are being transformed at an accelerating pace. President Trump has emerged as an AI champion, but opposition is rising from progressive and environmental groups.

The term “artificial intelligence” was coined by John McCarthy at Dartmouth College in 1955. But it took 67 years until the introduction of ChatGPT in November of 2022 for AI systems to master the complexities of human language.…