Market Caps: NVDA > AAPL + TSLA -- I Don't Know How Anyone Can Keep Up With Any Of This -- July 17, 2025

Locator: 48777TECH.
Locator: 48777AI.

If you are not following Beth, Evan, Shay, and a few others .... well, what can I say? I am convinced that there are folks afraid to get rich.

Moving at light speed, link here, exhibit A:

Link here.

JPM on Broadcom, link here. AVGO: OpenAI, SoftBank/ARM.

Did Apple Wait Too Long To Jump In? July 17, 2025

Locator: 48776AI.
Locator: 48776CHATBOT.
Locator: 48776CHATGPT.

Literally, overnight in some cases, "we've" got at least four or five new Fortune 500 companies. 

Link here. 

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A Musical Interlude

Link here.

Three New Permits; Six Permits Renewed; Four DUCs Reported As Completed -- July 17, 2025

Locator: 48775B.

President Trump has been president for six months: CBS is canceling ‘Late Show With Stephen Colbert’ after next season -- NY Times. Link here. Colbert: tone deaf. Or like the Air India pilot, a death wish.

Epstein: it's getting tedious and the US House is setting itself up to lose in the mid-terms. 

Re-posting: I think I've posted this before. Can't remember.

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Back to the Bakken

WTI: $67.56.



Active rigs: 30.

Three new permits, #42134 - #42136, inclusive:


• Operators: KODA Resources (2); Hess;

• Fields: Danville (Divide); Oliver (Williams)

• Comments: 

• KODA Resources has permits for two Rock wells, SESW 17-161-102; 
• to be sited 659 FSL and 2220 / 2255 FWL;

• Hess has a permit for a GO-Zona well, SESE 35-15-98, 
• to be sited 409 FSL and 851 FEL

Six permits renewed:


• Neptune (2): two CPEUSC Holmes permits, Blue Ridge oil field, Williams County

• CLR (4): four Brakken FIU permits #40056 - #40059, inclusive, Catwalk oil field, Williams County

Four producing wells (DUCs) reported as completed:


• 40833, 820, Murex Petroleum, LA-Jean Claudine 25-36H MB, McKenzie County;

• 40944, 675, Murex Petroleum, LA-Alexander Andres  25-36H MB, McKenzie County;
• 41131, 922, Murex Petroleum, LA-Riley Kyle 25-36H MB, McKenzie County;
• 
41186, 971, Murex Petroleum, LA-Emma Rose 30-31H LE MB, McKenzie County;

Name change: seven XTO wells, #41824 - #41830, inclusive

• 
the GBU Sophia wells all have the word SOUTH in their names, instead of simply “Sophia,” they are now “Sophia South.”

Gavin Newsom, California, And Other Thoughts -- July 17, 2025

Locator: 48774NEWSOME.

Link here.

This is not an original thought.

There is a reason why:

• there is a housing shortage;
• healthcare costs are surging.

Before Biden, it was estimated that there were upwards of 20 million undocumented immigrants (all here technically, illegally) -- remember "the Dreamers" and the "Dream Act"? 

Under Biden, some are suggesting, that another 12 million illegal aliens crossed the border illegally. 

Those 32 - 35 million undocumented "Americans" are having an incredibly negative effect on the US economy in terms of shortages and inflation. 

Trump will never get rid of those 35 million people. 

It will take twenty years for US to "absorb" these folks. If it takes less than twenty years that will be amazing. 

But it won't be twenty years of no change, and then all of a sudden, those twenty million are "absorbed."

The "absorption" will occur gradually over each year. And each year, things will get better, much better.

Assuming, things don't go back to the way they were before Trump was elected President.

Gavin Newsom:

• eight years as an Oakland council member;
• eight years as a mayor;
• eight years as a lieutenant governor;
• eight years as governor.
• Thirty-two years in which he ran California into the ground.

Link here.

SIR -- July 17, 2025

Locator: 48773SIR.

The sixth industrial revolution is absolutely incredible (tag sixthindustrialrevolution, AI, SIRTRUMP). About six weeks ago, maybe three months ago, I forget, I get re-invigorated to study this SIR so that I could put a short summer course together for Sophia -- more on that later. [Note: SIRTRUMP has nothing to do with knighting the president; it's a tag for the sixth industrial revolution under Trump, or while Trump was president.]

But this is incredibly exciting. I will have to discuss some of this with an extended family member (or now, extended family members) who are better versed in this than I. 

First of all, I am blown away by how good John Orton's 2004 book on semiconductors is. More on that later, perhaps. I update notes on this book at this blog. I guess that's all I will say about it for now.

The book that got me started in this go-around was The Lunar Men, and the book that got me started with The Lunar Men, was the H. W. Brands biography on Ben Franklin and a memoir by Christopher Benfey. I have notes on all these books over at my literature blog.

But first, a look at the market:

• NVDA: up over 1%; up almost $2 / share
• AVGO: up over 2%; up over $6 / share
• ORCL: up over 2.5%; up over $6 / share

Then:

• TSM: up almost 4%; up over $9 / share

Others:

• AMD: down half a percent; down 70 cents; well off its 52-233k high ($175)
• MU: down over 2.5%; down almost $3 / share

Most others I don't care about. Including AAPL.

None-tech in the news:

• UNP: down over 1.5%; down $3.75 / share
• CSX: up over 3%; up $1 / share

Uber partners with Lucid:

• LCID: up almost 40% today; up almost $1 / share

Cramer says stay away from LCID, RIVN

• RIVN: up 5% (on shirttails of LCID, no doubt); up about 63 cents

Other autos:

• F: down almost a percent; down ten cents;
• GM: up about a third of a percent; up about 20 cents

Of interest:

• BRK-B: the market surges -- both the Dow and the NASDAQ and BRK falls again; earlier in the day it had dropped from $472 to $468 (a $4-drop) but has since recovered and is only down a dollar, trading at $471. One gets the feeling that BRK is finding "resistance" at $470. Something to consider for those interested. I'm not.
• DIS: this is quite a story -- I was never interested in DIS -- never would have recommended it to my extended family members, but it's quite a story right now; up 1.4%; up $1.65 today; trending toward its 52-week high and everything suggests it has room to run. Link here with regard to Disney intellectual property (IP).
  

Energy:

• no longer interested in the short term; I'm not doing anything with energy; just collecting dividends. Can't sell; cost basis must be trending toward zero after all these years

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Disclaimer
Brief Reminder 

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.
• Longer version here.