THE GRID
A Gigawatt Now Costs More Than a Moon Shot
Jensen Huang stood on stage in Taipei on Monday and said a number that stopped me cold.
$80 to $100 billion. That's the cost of one gigawatt of AI data center. Not a fleet. Not a decade of build. One facility.
$80–$100B per GW
Two years ago that same gigawatt cost $20 to $30 billion. It has tripled. And the world needs 100 gigawatts of these by the end of the decade, according to Huang.
Do the math. That's up to $10 trillion in data center build. All of it needs power. All of it needs grid.
Nvidia's answer is DSX, a new platform it calls the "playbook" for AI factories. It ties compute, cooling, and power into one plan. DSX's software claims to run 40% more GPUs at peak power within the same grid budget. Think of it as a power-management layer baked into the chip stack itself.
Nvidia also confirmed that Vera Rubin — its next-gen AI chip platform — is in full production. It delivers 10 times more agentic AI output per watt than the prior system. Dell, HPE, Lenovo, and Supermicro are all building Vera Rubin racks right now.
Bloomberg reported this week that 30% of energy inside a data center still goes to cooling and overhead — not to compute. That is the real waste. And that waste compounds at gigawatt scale.
Nvidia is now in the power business whether it says so or not. Every chip it ships creates load. Every platform it designs shapes how the grid responds.
The chip company is becoming the grid planner. And I don't think the market has priced that in yet.
June 12: The Biggest Buying Spree in History?
On June 12, Elon Musk is set to take SpaceX public…
And I believe it will trigger the biggest buying spree in history.
That’s why you must get in now BEFORE the IPO. (Click here and I’ll show you how.)
IPO day will be complete madness.
Shares could double, triple, or more during that first day of trading.
Which is why I’m urging you to get in NOW…
And get ahead of the masses.
VOLTAGE
The 6-Gigawatt Nuclear Bet That Hasn't Earned a Dime
NuScale Power stock jumped 9% on Tuesday. Its Q1 revenue was $565,000. Not million. Thousand.
That gap tells you everything about nuclear right now. The hype is real. The revenue is not. Not yet.
NuScale is working with ENTRA1 Energy and the Tennessee Valley Authority on a potential 6 GW small modular reactor program. That is not a pilot. Six gigawatts powers millions of homes. It would be one of the largest SMR deployments ever proposed in the U.S.
Overseas, Romanian shareholders cleared the way for NuScale's six-module RoPower project to move forward. A go/no-go call is due mid-2026.
The company still holds about $1 billion in total liquidity. It has runway. It does not have contracts. TVA is a partner, not a buyer — not yet.
I'm not short nuclear. I'm long patience. NuScale is the only SMR with U.S. design approval. That matters. But the stock trades on hope, and hope has a short shelf life.
Watch for the TVA decision. If it converts to a firm contract, the trade changes overnight. Until then, this is a story stock — and story stocks need fresh chapters.
Trump's New Dollar
Something strange is happening to your money.
It wasn't voted on. It wasn't debated in the Senate. And most Americans have no idea it's even taking place but…
Not with crypto. Not with a digital currency. Something far bigger than that – and it's already been signed and sealed in the back rooms of D.C., ready to be issued by the U.S. Treasury.
Bypassing every legal and political channel under the guise of "national security," Trump has enacted this total money reset using a landmark executive order (1421).
Whether you’re a Democrat or Republican, whether you support this new money or not, it doesn't matter.
Soon, every U.S. citizen will be forced to use Trump's New Dollar to fill their gas tank, buy groceries, and pay medical bills.
Which is why I've produced a critical new documentary laying out exactly what Trump's New Dollar means for your savings, your investments, and your family's financial future.
Detailing three important steps you can take today to prepare – including the name of a core band of assets connected to Trump’s initiative that could surge as a result.
As you’ll see in my briefing, the last time America reset its money like this – under Richard Nixon’s presidency in the 1970s – it created one of the greatest wealth divides in the history of our nation.
On one side, it minted an average of 1,300 new millionaires a day for over half a century. And on the other… the folks left behind, drowning in debt, with no idea how to use America’s new money to create wealth.
As Trump rolls out his new dollar, the question is:
WIRED IN
Signals From the Grid
NextEra + Dominion = a $67 billion grid giant. The two utilities announced an all-stock merger on May 18 that would create the world's largest regulated electric utility. The combined company would serve about 10 million customer accounts across Florida, Virginia, and the Carolinas — four of the fastest-growing states for data center load. Dominion shareholders get 0.8138 NextEra shares per share. Still needs FERC, NRC, and three state regulators. Expect 12–18 months to close.
GE Vernova's backlog hit $150 billion. Q1 2026 orders surged 71% to $18.3 billion. The eye-popper: its Electrification unit booked $2.4 billion in data center equipment orders in one quarter — more than all of 2025 combined. Management raised 2026 revenue guidance to $44.5–$45.5 billion and now expects backlog to reach $200 billion by 2027, a year ahead of plan. GEV closed at $950 on June 1.
Eaton posted record Q1 sales of $7.5 billion, up 17% year-over-year with 10% organic growth. Its power management equipment sits inside the data centers that everyone else is racing to build. The company's Fibrebond acquisition — $1.43 billion for a maker of modular power enclosures — looks sharper by the quarter. Morgan Stanley lifted its price target to $500.
Hut 8 signed a $9.8 billion AI data center lease at its Beacon Point campus in Texas. A former Bitcoin mining site, now a 352 MW AI factory built to Nvidia's DSX specs. The tenant is unnamed but investment-grade. The 15-year triple-net lease brings Hut 8's total contracted AI capacity to 597 MW and roughly $16.8 billion in base revenue. The stock is up 150% since April.
