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.
Mercedes-Benz introduced an all-in-one mobile EV charging machine, “ELF,” that promises to unlock charging speeds as quick as filling up at the pump.
Mercedes-Benz unveils the ELF mobile EV charging van
It may look like an electric van, but Mercedes-Benz claims ELF is much more than just any ordinary vehicle. It’s “a symbol of a bold new era in charging,” the luxury brand said on Thursday.
The nickname comes from the German term Experimental-Lade-Fahrzeug (ELF), which translates to Experimental Charging Vehicle.
The Mercedes-Benz ELF is an all-in-one mobile EV powerhouse that combines ultra-fast, bidirectional, inductive, and conductive charging. It’s based on the Mercedes V-Class people carrier and is equipped with five unique charging ports.
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It will act as a rolling test lab, promising to unlock faster, more convenient, and sustainable electric vehicle charging.
The ELF features two fast charging systems: A standard Combined Charging System (CCS) and a heavy-duty Megawatt Charging System (MCS).
The Mercedes-Benz ELF is equipped with two fast charging systems: MCS and CCS (Source: Mercedes-Benz)
Mercedes is “testing the limits of CCS,” claiming the ELF can achieve a charging capacity of up to 900 kW, or enough to add 100 kWh in about 10 minutes. The MCS system, on the other hand, was initially developed for heavy-duty electric trucks, which Mercedes says unlocks charging capacities in the megawatt range.
The company is already using the all-in-one mobile EV charging rig to improve charging on its upcoming vehicles.
The Mercedes-Benz Elf features five different charging ports (Source: Mercedes-Benz)
For example, the Concept AMG GT XX hit a peak charging power of 1,041 kW during megawatt charging after its record-breaking run in Nardò in August.
Mercedes collaborated with Alpitronic to develop a high-performance EV charging station capable of delivering up to 1,000 amps through a modified CCS commercial truck charger. The company is now using what it has learned to develop a new generation of ultra-fast chargers for use at Mercedes-Benz parks.
The Mercedes-Benz ELF (Source: Mercedes-Benz)
According to Mercedes, the new chargers will deliver speeds “that differ only minimally from the conventional refuelling process.”
The ELF is not only capable of absorbing electricity, but Mercedes-Benz is using it to its full potential with bidirectional charging capabilities.
The Mercedes-Benz ELF features Bidirectional charging (Source: Mercedes-Benz)
Capable of both AC and DC bidirectional charging, the ELF can feed energy into your home (Vehicle-to-Home/ V2H), the grid (Vehicle-to-Grid/ V2G), or electric devices (Vehicle-to-Load/ V2L).
Mercedes said a typical vehicle battery with a capacity of 70-100 kWh can power an average single-family home for two to four days.
The new electric CLA and GLC with EQ Technology are the first Mercedes vehicles that offer bidirectional charging capabilities. In 2026, the automaker will launch its first services for bidirectional charging in Germany, France, and the UK. Other markets are set to follow shortly after.
In combination with intelligent energy management, Mercedes said electricity costs can be significantly reduced. Depending on energy use, homeowners can save about 500 euros ($580) per year.
Mercedes-Benz is also using the ELF to test other charging methods, including cable-free induction and automated conductive charging.
The learnings from the ELF will be key to unlocking faster, more convenient, and sustainable charging for upcoming Mercedes-Benz EV models.
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Shares of U.S. rare earth and critical mineral miners surged Thursday after China tightened restrictions on exports, fuelling market speculation that the Trump administration will move more aggressively to invest in building out a domestic supply chain.
Beijing is now requiring foreign entities to obtain a license to export products that contain more than 0.1% of domestically sourced rare earths, according to China’s Ministry of Commerce. Companies will also need export licenses if they use China’s extraction, refining or magnet recycling technology.
“The White House and relevant agencies are closely assessing any impact from the new rules, which were announced without any notice and imposed in an apparent effort to exert control over the entire world’s technology supply chains,” a White House official told CNBC.
China imposed the restrictions ahead of an expected meeting between President Xi Jinping and President Donald Trump on the sidelines of the Asia-Pacific Economic Cooperation summit in Seoul, South Korea later this month. Rare earths have been a major point of contention in trade talks between Beijing and Washington.
‘Game of chicken’
The White House and the U.S. critical mineral industry have accused China of manipulating the market to drive foreign competition out of business. Rare earths are a subset of critical minerals that are crucial inputs for U.S. weapons platforms, robotics, electric vehicles and electronics among other applications.
The Trump administration has taken equity stakes in MP Materials, Lithium Americas and Trilogy Metals this year as it seeks to stand up a domestic supply chain against China.
USA Rare Earth and Energy Fuels have not struck deals with the White House, but their CEOs told CNBC that they are in close contact with the Trump administration.
“It’s going to take a lot of players to build out this marketplace,” USA Rare Earth CEO Barbara Humpton told CNBC on Oct. 2.
China’s export restrictions “help to ensure a strong position for Xi to sit down with Trump” on the sidlines of the summit in South Korea, Evercore ISI analyst Neo Wang told clients in a Thursday note.
“Although both Beijing and Washington learnt the lesson the hard way in their last exchange of export controls back in [April] and May, China’s stronger pain endurance rooted in its political system adds to the credibility of its threats in a game of chicken,” Wang wrote.
Move over, e-bikes – there’s a new way to get a power boost for cruising around town, and this one straps right to your legs. The Hypershell X Ultra is a high-tech wearable exoskeleton that delivers up to 1,000 watts of electric assist to your stride, giving “powered walking” the same kind of jolt that e-bikes gave to cycling.
The company behind it, Shanghai-based Hypershell, says the X Ultra is its most advanced performance exoskeleton yet, designed for hikers, runners, climbers, and even skiers who want to go farther and faster without wearing out their legs.
The new model uses a 1,000W “M-One Ultra” motor, around 25% more powerful than before, along with upgraded thermal management and improved energy efficiency. To put that in perspective, the US limits street-legal e-bikes to 750 watts of power, while the EU caps them at just 250 watts. That means this wearable device technically delivers more power to your legs than most legal e-bikes deliver to their wheels.
According to Hypershell, the X Ultra can reduce muscle load on the hips by up to 63%, lower heart rate by as much as 42% while cycling, and even cut oxygen consumption by nearly 40%. The system intelligently adapts to your movement using AI-powered gait mapping and offers 12 activity modes, including new ones for running, snow, and sand, that automatically adjust power delivery depending on terrain and intensity.
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Despite all the electronics, it’s surprisingly lightweight. The X Ultra uses titanium alloy and carbon fiber construction to keep the system at just 1.8 kg (4 lb), plus a 410 g (0.9 lb) battery pack. That 72Wh battery claims to deliver up to 65 km (40 miles) of assist when cycling or 30 km (18 miles) when walking, and the system can even regenerate energy on downhills for up to 10% extra range.
With a top speed of 25 km/h (15.5 mph), the $1,999 X Ultra is pricey, but could early adopters help it still kick off a new category of electric mobility where people are the vehicle? Let’s hear your thoughts in the comments section below.