Nvidia CEO Jensen Huang believes that America refocusing on energy growth will not only help the U.S. win on artificial intelligence but also fuel continued economic growth. Jim Cramer says he has the power stock to own, which has found itself at the heart of providing solutions to companies looking to generate more energy to meet booming demand for AI computing. During the Investing Club’s October Monthly Meeting , Jensen told Jim that “without energy growth, there is no industrial growth, without industrial growth, there’s no stock price growth, there’s no economic growth, there’s no national security.” It’s increasingly clear that energy scarcity is holding back the world’s biggest tech companies from doing more with AI. Jensen has said it. The leaders of OpenAI, which got a long-term $100 billion investment from Nvidia to help build data center capacity, have said it. “The realization that we have to go back and become a country that has energy growth is really foundational, it’s really great,” the Nvidia CEO said at Tuesday’s Club meeting from the New York Stock Exchange. He credited President Donald Trump ‘s leadership on energy and encouraged AI data centers to be “power generators themselves.” There are many ways for data centers to make the extra energy they need when the country’s power grid is overtaxed. “Over the next several years, nuclear is going to come online, and I hope that we’ll get that going as fast as possible,” Jensen said, pointing out that power generators are already becoming part of the data center playbook. To capitalize on AI’s insatiable need for energy, Jim told members during Wednesday’s Morning Meeting , “We bought the right [stock]. We bought GE Vernova because they are the real builder of these … small modular [nuclear] reactors.” While additional nuclear capacity is a few years off, GE Vernova has a booming business in the here and now selling natural gas-powered turbines – basically, these are huge engines that create gobs of energy. The company’s CEO, Scott Strazik, said it himself at last month’s Morgan Stanley’s Laguna Conference. “Not only is the world going to need more energy, but the proportion of that energy that’s going to be coming from electrical power is going to grow.” Jim has been urging GE Vernova management to more substantially increase turbine production to meet that demand. Last month, Jim said, “When I spoke to Scott Strazik, begging him, literally begging him, to increase capacity, he said the last three times that people have done that it’s been a disaster.” On Wednesday, Jim said during the meeting, “If we’re going to have enough power, it’s going to be GE Vernova. They are the largest maker of turbines.” Jim suggested that Trump call up GE Vernova to tell them to increase turbine production. On Tuesday morning, we bought more shares of GE Vernova. We had been waiting for this stock to come off the boil. While up Wednesday, the stock is still down more than 7% from its all-time closing of $664.55 on Aug. 6. Shares have been trading mostly sideways since surging 14% to $629 on July 23, following a much better-than-expected quarter and a raised full-year outlook . As Jeff Marks, director of portfolio analysis for the Club, wrote in our trade alert : “In keeping with our view of patiently waiting for a pullback to buy what Cramer has previously called ‘maybe the best story in the entire market,’ we are nibbling on shares and upgrading our rating to 1,” which is the Club’s buy equivalent rating. The stock has soared nearly 90% year to date. Our conviction in the long-term demand for AI infrastructure has increased over the past few weeks following OpenAI’s deals with Nvidia and rival chipmaker Advanced Micro Devices . More AI infrastructure means more demand for energy. Marks also wrote Tuesday, “One thing we’re wondering is whether OpenAI will also make deals with power suppliers like GE Vernova, whose gas turbines are used to generate electricity, and its electrification products provide grid solutions and power conversion.” Already, some GE Vernova turbines will be used at an on-site natural gas plant being built in Texas on the massive Stargate data center campus co-developed by OpenAI. Stargate was announced to much fanfare at the White House in January, shortly after Trump took office. GEV YTD mountain GE Vernova YTD Another tailwind for GE Vernova is that these turbines are big-ticket items that have been a way for countries to reduce their trade deficits with the United States. For example, when the president visited the Mideast in May, GE Vernova was the recipient of $14 billion worth of gas turbines and energy solutions orders from Saudi Arabia as part of the kingdom’s commitment to invest $600 billion in the U.S. (Jim Cramer’s Charitable Trust is long GEV. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
The spiritual successor to the beloved Chevy Geo Tracker, production of the new-for-2026 electric Spark EUV has officially begun in Brazil with more than 200 miles of range.
That’s right, kids. To know the Chevy Tracker is to love the Chevy Tracker. The tiny, top-heavy Suzuki-based SUV combined bold colors, fun styling, (relatively) good fuel economy, and real off-road chops (especially in ZR2 trim) with an affordable price tag to make the Tracker an early favorite among the serious rock-crawling crowds.
GM Brazil invested the equivalent of $73 million to get the PACE factory ready to assemble GM’s modern, zero-emissions Chevy crossover for the South American and Middle Eastern markets – an investment big enough to earn a visit from Brazilian president Luiz Inácio Lula da Silva, who was on-hand for the December 3rd kickoff event.
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“It’s not a car factory,” said Comexport Vice President and PACE shareholder, Rodrigo Teixeir. “(The) goal is to develop technology there, not simply assemble a vehicle.”
Production of the new Spark EUV began last week, with production of the equally new Chevy Captiva EV set to begin as early as Q1 of 2026.
2026 Chevy Spark EUV
The Made in Brazil Chevrolet Spark EUV is heavily based on the Chinese Baojun, and is powered by that vehicle’s single 75 kW (101 hp), 180 Nm (130 lb-ft) motor driving the front wheels. Power comes from the Baojun’s 42 kWh LFP battery that, with regenerative braking, is good for up to 360 km (220 miles) on the NEDC driving cycle.
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Power generating wind turbines tower over the rural landscape on July 5, 2025 near Pomeroy, Iowa.
Scott Olson | Getty Images
A federal judge on Monday struck down President Donald Trump’s sweeping ban on new wind power projects in the U.S., a major victory for an industry that has been singled out by the White House since the administration’s first day.
Judge Patti Saris of the U.S. District Court for the District of Massachusetts ruled that Trump’s ban is “arbitrary and capricious and contrary to law,” tossing out the president’s action in its entirey.
Trump issued a memorandum on Jan. 20 halting permits and leases for offshore and onshore wind farms, pending federal review. Saris said that federal agencies had failed to provide a reasoned explanation for such a drastic change in U.S. policy.
Seventeen states led by New York Attorney General Letitia James sued Trump in May to overturn the president’s ban. They argued that it created “an existential threat to the wind industry.”
“This is a big victory in our fight to keep tackling the climate crisis and protect one of our best sources of clean, reliable, and affordable energy,” James said in a post on social media platform X.
States in the Northeast and Mid-Atlantic in particular have been pursuing offshore wind projects to meet future energy demand as they seek to reduce carbon-dioxide emissions.
White House spokeswoman Taylor Rogers said in a statement that “offshore wind projects were given unfair, preferential treatment while the rest of the energy industry was hindered by burdensome regulations.”
A federal judge in Massachusetts today ruled that the Trump administration’s ban on new offshore wind projects in federal waters is illegal.
Judge Patti B. Saris of the US District Court for the District of Massachusetts wrote that Trump’s executive order banning leasing of federal lands and waters for new wind farms is “arbitrary and capricious and contrary to law.”
Attorneys general from 17 states and Washington, DC, filed a lawsuit in May against the memorandum halting federal approvals of wind energy development, which was supported by industry and public interest groups.
The Attorneys general claimed that the halt “harms the States’ efforts to secure reliable, diversified, and affordable sources of energy to meet the ever-increasing demand for electricity; their billions of dollars in investments in supply chains, workforce development, and wind-industry-related infrastructure, including transmission upgrades; and their statutory- and policy-based efforts to protect public health and welfare from harmful air pollutants like nitrogen oxides and sulfur dioxide, as well as greenhouse-gas emissions.”
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Because of Trump’s ban, at least seven offshore wind farms in the Northeast and Mid-Atlantic have been paused, as well as several others at earlier stages of development. Offshore wind has been a crucial part of the Northeastern states’ plans to transition to renewables, due to their geography and the plentiful wind in the winter. The region also heavily relies on natural gas, which is subject to price fluctuations.
Ted Kelly, director and lead counsel, US Clean Energy at Environmental Defense Fund, said, “We should not be kneecapping America’s largest source of renewable power, especially when we need more cheap, homegrown electricity. Striking down this unlawful ban gives relief to the communities and workers who need affordable power, local investment and jobs from wind projects that have been stuck in limbo.”
As a result of the Trump administration’s “arbitrary” policies, BloombergNEF reduced its forecast of new offshore wind power coming online by 2035 by 56%. And while the ruling is good news for the wind industry, it doesn’t mean the federal government is required to approve projects. And let’s face it: Foreign renewable companies aren’t exactly going to come running back to the US to do business. (Just today, for example, Denmark’s Eurowind Energy announced it’s shutting its US office, citing “political uncertainty.”) But at least offshore wind is no longer banned.
Oceantic Network CEO Liz Burdock said, “We thank the Attorneys General and the Alliance for Clean Energy New York for taking this case forward to protect American business interests against the politicization of our energy sector.”
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