Nvidia <----> Corning -- The AI Industrial Revolution Is Alive And Well -- May 6, 2026

Locator: 50735GLW. 

We haven't seen this one in a long time. She learned this one on her own, by ear, she couldn't find the sheet music. Link here. 

 
Back to Nvidia and Corning.

Link here. 

And look at this: TEXAS and North Carolina. 

Again, TEXAS. 

From the linked artile:

Nvidia, the chipmaker at the center of the artificial intelligence boom, is partnering with glassmaker Corning for three new advanced manufacturing facilities in North Carolina and Texas dedicated entirely to optical technologies for the world’s most valuable semiconductor company.

The factories will lead to the creation of at least 3,000 jobs and increase Corning’s U.S. optical manufacturing capacity by tenfold, the companies said in a joint press release Wednesday.

Corning shares climbed 12% on the news. Nvidia stock gained almost 6%.

The deal gives Nvidia the right to invest up to $3.2 billion in Corning. 

Nvidia is getting warrants to buy up to 15 million Corning shares at an exercise price of $180 per share, above Tuesday’s closing price of $162.10 but below the price after the pop. The remaining $500 million comes from a pre-funded warrant for Nvidia to buy up to 3 million shares of Corning.

Ticker: GLW (Corning) -- 

Nvidia: up 6% today.

SCCO: up almost 8% today.

Like all biological phenomena and revolutions, this current AI revolution will also follow the standard "S" curve.

See below.

Point A, about 2023: it had become obvious that one should have began investing heaving in AI by now. Interestingly, the term "Magnificent Seven" (Mag 7) was coined in 2023 by Bank of America analyst Michael Hartnett. He created the nickname to describe a group of seven dominant, high-performing U.S. technology stocks—Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla. 

Point B, about 2028, will be the last opportunity to continue investing aggressively in AI. The Mag 7 will have greatly expanded by then. One might argue we'll see a resurgence of "a" Nifty Fifty. 

Between points A and B aggressive investors need to continue aggressively invest in AI, but transition from the Mag7 to the Towering 20. 

Many of these new twenty companies will be the results of IPOs between now (2026 and 2028).  

Unless there are indications that the growth/excitement of the current AI revolution continues beyond 2030, the investor needs to pivot. And pivot quickly. The market -- certainly the AI market -- could plummet 20 to 25 percent once the average investor sees what is going on. One may already need to consider pivoting from the current Mag 7 to something new.

Between now and then, keep reading everything you can on societal and geo-political changes. The trick will be to anticipate the next Mag 7. My own hunch: pharmaceutical companies that focus on "healthspan expansion" and even, perhaps, "biological age reversal." Beware charlatans.

It's not too late to invest in the current AI revolution, but by next year this time -- maybe sooner --  investing in the current Mag 7 will be challenging -- the real winners (investors) will be those who correctly anticipate the Towering 20 in 2030. Maybe we will see thirty such tickers by 2030 ... "thirty for 2030" --- "30 for 30."

**********************************
Disclaimer
Briefly

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.

Longer version here.   

America's Need For Heavy Oil -- Canadian Oil Would Be Nice Right Now -- Too Bad The Dems Killed The Keystone XL -- May 6, 2026

Locator: 50734HEAVYOIL. 

Link here. 

Americans are increasingly pushing back on US oil exports -- why is the US continuing to export oil when we need that at home to keep our gasoline prices reasonable. 

There's so much that could be said starting with:

• the Dems blocking the Keystone Xl 
• the Keystone XL would have been completed by now and have prevented this problem from ever occuring in the first place; and continuing with,
• Biden draining the SPR. 

But that's all water under the bridge or perhaps better said, that's all oil through the pipeline.

This is the key paragraph but I assume not one American in 100 would understand this:

This Is Epic: Apple Just Opened Two Billion Platforms To AI Rivals / Chatbots -- May 6, 2026

Locator: 50733AAPL. 

And Apple is serious about this: Apple is spending more than 10% of revenue on R&D for the first time in at least 30 years. 

This explains why Apple / AAPL remains something to keep in mind when thinking about investing in the current AI revolution.

This popped up today over at x: link here. I don't think there's anything new here; we've discussed this many times, but this appears to be the first time the general public has seen this.

Query: so what does this mean: Apple remains one of the few companies positioned to capture consumer AI deployment through device-level integration and unmatched distribution?

Reply: 

That's a keeper. This is so incredibly awesome, so brilliant, it cannot be overstated; it cannot be exaggerated. The hard part will be explaining this to the public. Apple probably needs to go an huge advertising campaign to explain what this means. At least a 60-second commercial with a lot of 30-second commercials explaining this as well as the right message. 

So, any articles on this? Yup, link here. 

This is really, really cool. 

Apple just opened its entire platform (iPhone, Mac, MacBook, iPad, etc) to "every" AI / chatbot out there. Think about that. 

Two billion devices ready to accept any chatbot, any AI query. And guess what? Every AI platform / every chatbot will want you to choose their platform; Apple might even charge chatbots to access their system. 

And when I say "ready," I mean ready. Like right now. This is amazing.  Well, not right now but as soon as the next iOS 27, iPadOS 27, and macOS 27 are pushed out.

But there's another goodie. Apple does this "within their system." Apple uses "Edge" technology. That means it stays within your system, not subject to hacking by not going to the cloud. This is about as good as one can get when it comes to security.

And for the investor, Apple hasn't spent billions trying to train its own chatbots / its own AI system. Simply letting the Apple user choose whichever AI chatbot they want to use. I like ChatGPT and Google Gemini; others like Grok; some like Anthropic. Choose what you want.

Six New Permits; Two DUCs Reported As Completed -- May 6, 2026

Locator: 50732B. 

Comment: I'm a military vet, 30-year career. I often get a lot of "thank you for your service" comments when folks find out I was in the service. It pleases me that folks take the time to say that; they would not have to. 

Having said that, I didn't remain in the service after my four-year commitment because I felt some commitment or calling. I did it for a lot of reasons, mostly for my family. It was more than bittersweet when I was forced to retire due to the 30-year rule. i would have stayed on had they let me. So I departed with not much emotion. It was time to go, so I left. Didn't think much about it, I just moved on. Really no emotion. 

But now, the longer I'm away from the military and the more I fill in the pieces with regard to my own dad in WWII (three+ years) and my father-in-law who also served 30 years as an enlisted man, the more I appreciate and respect and all the other words one could insert here for those who serve/served honorably in the military for whatever reason and for whatever length of time. 

Today I had a life-altering emotional event when I learned a whole lot more about my father-in-law and his time in the Korean War. Twenty-some years old at that time, his first tour, and the amazing things he did for his family and for the US Army despite barely having a high school education and a father who was returned to Mexico because he was an illegal immigrant when he (my father-in-law) was still not old enough to go to kindergarten.  

Just a rambling thought I had. I'll leave it at that.

Investing: somewhere on the blog I wrote that the market terrifies me. [Oh, see below.]

I mentioned that in an e-mail sidebar to a reader, that the market terrified me. It's now been about four hours since I wrote that note, but all of a sudden a switch switched. I am no longer terrified of the market. I haven't listened to CNBC for about six weeks, but after that "the market terrifies me" remark, I spent a couple of hours watching CNBC. 

I no longer feel terrified. I think I understand more now having listened to the CNBC talking heads. I feel re-energized for some reason and will continue to invest, damn the torpedoes, full speed ahead. Maybe the switch switched after listening to talking heads on CNBC or maybe it was due to thinking about my father-in-law when he was fighting in the Korean War. And even after Korea, he stayed with the US Army for the next 26+ years. I assume there were moments when he was terrified and he pressed on. Certainly if he could survive the Korean War and raise a family, I can survive whatever the market throws at me. 

California, gasoline:  California’s fuel watchdog has issued subpoenas to gasoline stations across the state that are charging anomalously high prices and not cooperating with agency requests. How many times has the state done this?

Trump / Iran / nuclear: Trump says Iran has agreed not to have nuclear weapons. Iran has always said they were enriching uranium for peaceful purposes suggesting nothing new is being offered. Iran needs to agree to let in UN inspectors to begin the "validating" process. 

COSTCO: April sales increase 13% y/y. It certainly appears the consumer is doing well. 

The market terrifies me: I had a sidebar discussion with a reader. Idle chatter but it helps to articulate some concerns. Maybe more later. 

Oh, give me a break: comparing prices from ten years ago! I don't even want to hear about it. It gets tedious. Have you had a McDouble lately? They're incredible. I wonder what the customers would be willing to pay? Ten years ago, a first-class stamp cost 47 cents; today? Seventy-eight cents and likely to go up again this year. 

********************************
Back to the Bakken

WTI: $95.78.

Active rigs: 24. 

Six new permits, #42903 - #42908, inclusive --

• Operator: XTO Energy (6)
• Field: Lost Bridge (Dunn County)
• Comments:
• XTO Energy has permits for six Warthog Federal wells, SWSE 9-148-96, 
• to be sited 367/403 FSL and 1760/1936 FEL. 

 Two producing wells (DUCs) reported completed:

• 41552, n/d, XTO Energy, HBU Baptiste Federal 34X-11G, Williams County;
• 41554, n/d, XTO Energy, HBU Baptiste Federal 34X-11H, Williams County;

At Least The Third Company Drilling 4-Mile Lateral U-Shaped Horizontals -- May 6, 2026

Locator: 50731B. 

Tag: U-shaped laterals.

So, we have at least three operators drilling U-shaped wells; some are four-mile laterals; some are two-mile laterals.

See these links:

• Kraken, December 21, 2025: link here. This post has been updated with the second well posted, and production for both wells updated. These are four section spacing with four mile laterals, U-shaped.
• CLR, June 28, 2025: link here. This post has been updated with three new CLR Vera wells. These may be single-section spacing; two mile laterals, U-shaped.
• Oasis, October 23, 2025: link here. Two-section spacing, four-mile laterals.

A reader writes me:

• permit 42424, Oasis spud the HASSEL 5700 43-24 2BHP on April 28th
• this well lateral is 4-miles long;
• the pad is located across the road from the Forsyth well, but makes a complete “u” around the Forsyth well
• goes all the way to the south end of section 36 then makes a “u” and goes back to the north. 

The well:

• 42424, drl/conf, Oasis, Hassel 5700 43-24 2BHP, Marmon, npd,  
• 1280-acre spacing, section 25 / 36 - 157-100;
• the map