Zaid Admani

I wonder if the Fed is going to keep cutting interest rates given that the unemployment rate is at 4.4%.

The next big data to watch is going to be the inflation numbers.

We are getting a CPI report next week on January 13.

So we'll definitely break that down.

And remember, next week is also the start of earnings season.

So we are about to enter into a busy period in the market.

So if you're new here, it's a great time to get subscribed to the podcast to stay in the loop.

Let's run through some headlines, starting with Meta.

Meta just signed multiple nuclear energy deals to power its next generation AI data centers, including its massive Prometheus AI super cluster being built in Ohio.

Meta announced a deal with three nuclear energy companies, including Vistra, Oklo, and TerraPower.

Now, Vistra and Oklo are both publicly traded companies, and both of their stocks are up more than 10% this morning at the time of this recording.

For these AI hyperscalers like Meta, Microsoft, Google, and Amazon, getting access to power has become just as important as getting access to GPUs.

Training and running large AI models requires an insane amount of electricity, so these tech companies are all turning to nuclear power.

Meta said this deal will help fund Vistra's nuclear power plants in Ohio and Pennsylvania, extending the lifespan of those facilities and also increasing their energy production.

The other two companies' nuclear projects are still being developed.

You know, even if AI ends up being a bubble and the demand never materializes like these tech companies are expecting, at least we're getting a lot of investments in power infrastructure in nuclear energy.

To me, more energy is always a good thing, so I take that as a win.

Now, sticking with the AI theme, let's talk about TSMC.

The chip maker just reported fourth quarter revenues that beat expectations.

Sales in the December quarter jumped about 20% year over year to just over $33 billion.