Locator: 51275B.
AAPL: with its jump today, to a new high, market cap:
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Back to the Bakken
WTI:
Active rigs:
new permits, #
Locator: 51274ARCHIVES.
Public utility: OpenGPT? This makes the nation's largest large data center in Ohio very, very interesting. Could it be made universal but regulated and charged like electricity? Or water? Or any of the other utilities. Think market share: ChatGPT: 50%; Google Gemini: 25%.
ChatGPT (OpenAI) holds the dominant market share for standalone AI assistants, though Google Gemini is rapidly closing the gap. Globally, ChatGPT commands roughly 46% to 54% of the chatbot market share, while Google Gemini holds approximately 27% to 28%.
Explosive diarrhea: now, parsley and cilantro are being looked along with iceberg lettuce. In early states affected by lettuce, all iceberg lettuce has been removed but now cases seem to be increasing again.
YouTube / Paramount: starting in 2027, subscribe to YouTube premium and one gets Paramount catalogue for free on YouTube with ads. Around $20 / month: YouTube Premium individual plans cost $15.99 per month when signed up directly through a web browser. Other available tiers include the Family plan at $26.99 per month, Premium Lite at $8.99 per month, and YouTube Music individual at $11.99 per month.
Porsche: this is interesting.
Observation:
More:
Tea leaves:
From Reuters, link here:
Locator: 51273AAPL. Note P/E and market cap.
At one time, BRKB has almost a billion shares of AAPL. Today, a quarter of that amount.
At the most:
Today:
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Disclaimer
Briefly:
I am inappropriately exuberant about the Bakken and I am often well out front of my headlights. I am often appropriately accused of hyperbole when it comes to the Bakken. I am inappropriately exuberant about the US economy and the US market. I am also inappropriately exuberant about all things Apple. See disclaimer. This is not an investment site. Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If something appears wrong, it probably is. Feel free to fact check everything. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. Reminder: I am inappropriately exuberant about the Bakken, US economy, and the US market. I am also inappropriately exuberant about all things Apple. And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia. Nvidia is a metonym for AI and/or the sixth industrial revolution. I've now added Broadcom to the disclaimer. I am also inappropriately exuberant about all things Broadcom. Now, I've added Amazon. And QCOM. Longer version here.
Locator: 51272AAPL. Note P/E and market cap.
One-year target currently AAPL sits well above the consensus one-year target, but it hold a moderate buy / buy rating.
Market cap:
AAPL (Apple): with a new all-time high -- near the open --
Mid-day:
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Disclaimer
Briefly:
I am inappropriately exuberant about the Bakken and I am often well out front of my headlights. I am often appropriately accused of hyperbole when it comes to the Bakken. I am inappropriately exuberant about the US economy and the US market. I am also inappropriately exuberant about all things Apple. See disclaimer. This is not an investment site. Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If something appears wrong, it probably is. Feel free to fact check everything. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. Reminder: I am inappropriately exuberant about the Bakken, US economy, and the US market. I am also inappropriately exuberant about all things Apple. And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia. Nvidia is a metonym for AI and/or the sixth industrial revolution. I've now added Broadcom to the disclaimer. I am also inappropriately exuberant about all things Broadcom. Now, I've added Amazon. And QCOM. Longer version here.
Locator: 51271TECH.
Query: comparing Nvidia's guaranteeing $250 billion for that huge data center in Ohio.
How does that $250 billion compare to what the Small Business Administration in Washington, DC, loaned or guaranteed in calendar year 2025? Remember: this is "simply" a guarantee that Nvidia will back the loan; Nvidia is hoping that no money actually "leaves the building."
Reply:
Memo for record: blog page views --
Updates
Later, 11:11 a.m.: CNBC mades it much clear about circular financing. Nvidia is not writing a check for the $250 billion "backstop." Nvidia is simply guaranteeing to those wanting to load money to OpenAI to fund the huge data center. This is like the VA guaranteeing loans of first home-buying by active-duty military and veterans.
Monday, July 27, 2026: I said this would be a big story this week on CNBC. Link here.
[I was wrong: this story was mentioned in Cramer's first hour but only
in passing; it was a "yada, yada" story, and then, of course, the old
argument, "circular financing."]
Original Post
I'm really not interesting in posting all that's going on here, but it's a huge story and it's going to get a lot of press this week. I will post some early links and come back to it later, if it seems worthwhile.
First, go back to an earlier blog that lays the groundwork for a lot of background. The blog is here. It's a good starting point. Think PJM.
Now, the new links:
Evan, on x: link here.
The WSJ on x: link here.
The WSJ, direct: link here.
From the linked article:
Nvidia is in talks to provide a roughly $250 billion backstop for OpenAI as part of a massive data-center project, one of the most ambitious financial transactions yet in America’s artificial-intelligence boom.
The guarantees from Nvidia would help the ChatGPT maker lease a 10-gigawatt project that SoftBank’senergy subsidiary is developing in southern Ohio.
In total, the project could cost more than $500 billion, including the chips that would go inside the data centers. It would be the largest data-center project announced to date.
The power for the project is controlled by the U.S. government and funded separately by Japan under a recent trade deal. Commerce Secretary Howard Lutnick is involved in deciding who will get the power.
Nvidia’s backing would allow the data-center developer, which is owned by Japanese billionaire Masayoshi Son’s investment firm SoftBank, to raise debt at more favorable terms than it could if OpenAI had no financial backer, since OpenAI has no investment-grade credit rating as an unprofitable private company.
The AI company has been in advanced talks to lease the site for several weeks, people familiar with the matter said.
CNBC will spend a lot of time talking about the financing which they will refer to "circular financing."
Shay, on x: link here. Does not relate to this new story directly but Shay provides ten (10) ways to invest in the AI data center buildout. However, the graph at this link definitely relates to this story. Look at PJM. PJM is the yellow/orange bar and exceeds "other." ERCOT grows but not excessively. MISO unremarkable. PJM: Ohio to Virginia.
Shay on x: link here. Again does not relate to this new story, but Shay provides the top fifteen (15) performers this year.
LDCs are tracked here: link here.
Oh, by the way, where is this new data center going to be built. Ohio, for sure. After that it's a bit murky, but appears to be Portsmouth (again). See top link.
As long as we're doing links on AI, let's add one more WSJ article that's being reported tonight. Link here at x or go direct to TWSJ: link here.
"You can howl at the wind, but AI is here to stay."