ENERGY

Gemini MAUs: 1.5 billion and accelerating. ChatGPT operates at roughly a fraction of that scale with no distribution moat.
Google Cloud: The #3 cloud infrastructure business, growing at 35%+ annually, powering AI workloads for enterprises that don't want to put all their chips on Azure or AWS.
YouTube: Approaching $50 billion in annual revenue — larger than Netflix, Disney+, and Warner Bros. Discovery combined — and still growing at double digits.
Search: Still the world's most profitable business model, now supercharged with AI-generated overviews that actually increase ad inventory.
BofA Price Target: $430, implying ~11% upside from current levels of ~$388. If the AI agent thesis plays out, $500+ is in play.

The Signal's coverage of ENERGY stocks — sharp analysis on earnings, contracts, and market-moving catalysts.

CEG ▲ Bullish

Microsoft, Meta, And Walmart Just Bet Everything On Nuclear. The Stock Is Down 36%.

Three of the biggest companies in the world — Microsoft, Meta, Walmart — just signed long-term nuclear deals with Constellation Energy. The first retired nuclea...

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