Author

admin

Browsing

It’s never a dull moment in Washington during the holiday season — with multiple holiday celebrations at the White House itself for lawmakers and Cabinet secretaries. 

The White House has hosted Christmas parties dating back to 1800 when President John Adams and first lady Abigail Adams hosted several government officials and their families to celebrate on behalf of their granddaughter, Susanna Boylston Adams, according to the White House Historical Association. 

Now, government officials make their rounds to celebrate the season — both in their official capacity serving the government and privately with their families.

For example, Secretary of State Marco Rubio and Treasury Secretary Scott Bessent attended the White House Congressional Ball in December. First lady Melania Trump hosted the annual event at the White House for Republican and Democratic members of Congress.

President Donald Trump indicated that other Cabinet members also attended, claiming that ‘we’ve got them all sort of here’ after singling out Rubio and Bessent. However, he refrained from identifying others because ‘they’re not names that are going to get huge applause from this very substantially Democrat audience.’ 

Secretary of War Pete Hegseth also kicked off the first Christmas worship service at the Pentagon, featuring American evangelist Franklin Graham, and musicians Anne Wilson and Matthew West. 

Additionally, Hegseth’s wife, Jen, hosted a Christmas Tea Party for Gold Star families at the Pentagon. A Gold Star family has experienced the loss of a family member during active-duty military service.

Outside of official events in Washington, the secretaries and their families enjoy their own holiday traditions as well. The White House shared a video on Dec. 13 detailing how the secretaries and their families celebrate, with activities ranging from baking to holding a talent show. 

Jeanette Rubio, who is married to the secretary of state, said their family attends midnight Mass together on Christmas Day. The couple shares four children. 

‘We, as a family, we go to midnight Mass, that’s something that’s very important to us,’ Rubio said in the video. ‘We celebrate it together, because we want to keep what the purpose of Christmas is.’

Allison Lutnick, who is married to Secretary of Commerce Howard Lutnick, said their favorite way to celebrate the holidays is lighting Hanukkah candles with their four children. 

‘My favorite holiday tradition is lighting Hanukkah candles with my children,’ Lutnick said in the video. ‘They’re approaching 30 now, so we don’t do chocolate dreidels or eight nights of gifts anymore though.’ 

Kathryn Burgum, the wife of Secretary of the Interior Doug Burgum, said their family celebrates Christmas by making a Norwegian flatbread called lefse.

‘Our favorite holiday tradition is making lefse,’ Burgum said in the video. ‘And some people don’t have any idea what that is, but that’s actually a Norwegian flatbread that’s a tradition around the holidays.’ 

Cheryl Hines, who is married to Health and Human Services Secretary Robert F. Kennedy Jr., said their family is large, which makes the holiday season extra fun. 

‘We like to have a talent show,’ Hines said in the video. ‘Not everybody is as talented as they wish they were, but that doesn’t stop us from singing at the top of our lungs or doing some crazy dance. We always have a really good time together.’

Lisa Collins, who is married to Secretary of Veterans Affairs Doug Collins, said their family enjoys decorating their Christmas tree with ornaments they’ve collected for nearly 40 years. 

‘Our favorite holiday tradition is collecting Christmas ornaments, everywhere we’ve been in 37 years,’ Collins said in the video. ‘[We] have a special tree for those places, and they’re all dated as a remembrance of where we’ve been, and how far we’ve come.’ 

This post appeared first on FOX NEWS

The Department of Justice said Wednesday it may have more than a million more documents related to the late Jeffrey Epstein that it needs to review and that the process could take weeks to complete.

The DOJ said two of its components, the FBI and the U.S. Attorney’s Office for the Southern District of New York, had just handed over the missing tranche of files, days after the Epstein Files Transparency Act deadline had passed.

‘We have lawyers working around the clock to review and make the legally required redactions to protect victims, and we will release the documents as soon as possible,’ the DOJ wrote in a statement on social media.

The ‘mass volume of material’ could ‘take a few more weeks’ to review, the DOJ said.

‘The Department will continue to fully comply with federal law and President Trump’s direction to release the files,’ the department wrote.

The DOJ has been sharing on a public website since Friday tens of thousands of pages of files related to Epstein’s and Ghislaine Maxwell’s sex-trafficking cases as part of its obligation under the transparency bill. 

President Donald Trump signed the bill into law Nov. 19, giving the DOJ 30 days to review and release all unclassified material related to the cases.

The file rollout has stirred controversy as critics have blasted the DOJ for what they say are excessive redactions and the law’s lapsed deadline Friday. Initially, the DOJ said it would miss the deadline by a couple of weeks, but Wednesday’s announcement signals that might extend further into the new year than the administration had anticipated.

Deputy Attorney General Todd Blanche said on ‘Meet the Press’ Sunday there was ‘well-settled law’ that supported the DOJ missing the bill’s deadline because of a need to meet other legal requirements, like redacting victim-identifying information.

The transparency bill required the DOJ to withhold information about victims and material that could jeopardize open investigations or litigation. Officials could also leave out information ‘in the interest of national defense or foreign policy,’ the bill said. 

The bill also explicitly directed the DOJ to keep visible any details that could be damaging to high-profile and politically connected people.

This post appeared first on FOX NEWS

A group of 19 Democrat-led states and Washington, D.C., filed a lawsuit against the Trump administration over a declaration that aims to restrict gender transition treatment for minors.

The lawsuit against the U.S. Department of Health and Human Services; its secretary, Robert F. Kennedy Jr.; and its inspector general comes after the declaration issued last week described treatments such as puberty blockers, hormone therapy and gender surgeries as unsafe and ineffective for children experiencing gender dysphoria.

The declaration also warned doctors they could be excluded from federal health programs, including Medicare and Medicaid, if they provide these treatments to minors.

The move seeks to build on President Donald Trump’s executive order in January calling on HHS to protect children from ‘chemical and surgical mutilation.’

‘We are taking six decisive actions guided by gold standard science and the week one executive order from President Trump to protect children from chemical and surgical mutilation,’ Kennedy said during a press conference last week.

HHS has also proposed new rules designed to further block gender transition treatment for minors, although the lawsuit does not address the rules, which have yet to be finalized.

The states’ lawsuit, filed Tuesday in Eugene, Oregon, argues that the declaration is inaccurate and unlawful and urges the court to prevent it from being enforced.

‘Secretary Kennedy cannot unilaterally change medical standards by posting a document online, and no one should lose access to medically necessary health care because their federal government tried to interfere in decisions that belong in doctors’ offices,’ New York Attorney General Letitia James, who led the lawsuit, said in a statement.

The lawsuit claims the declaration attempts to pressure providers into ending gender transition treatment for young people and circumvent legal requirements for policy changes. The complaint said federal law requires the public be given notice and an opportunity to comment before substantively amending health policy and that neither of these were done before the declaration was released.

The declaration based its conclusions on a peer-reviewed report that the department conducted earlier this year that called for more reliance on behavioral therapy rather than broad gender transition treatment for minors with gender dysphoria.

The report raised questions about standards for the treatment of transgender children issued by the World Professional Association for Transgender Health and brought concerns that youths may be too young to give consent to life-changing treatments that could result in future infertility.

Major medical groups and physicians who treat transgender children have criticized the report as inaccurate.

HHS also announced last week two proposed federal rules — one to cut off federal Medicaid and Medicare funding from hospitals that offer gender transition treatment to children and another to block federal Medicaid money from being used for these procedures.

The proposals have not yet been made final and are not legally binding because they must go through a lengthy rulemaking process and public comment before they can be enforced.

Several major medical providers have already pulled back on gender transition treatment for youths since Trump returned to office, even those in Democrat-led states where the procedures are legal under state law.

Medicaid programs in just under half of states currently cover gender transition treatment. At least 27 states have adopted laws restricting or banning the treatment, and the Supreme Court’s decision this year upholding Tennessee’s ban likely means other state laws will remain in place.

Democrat attorneys general from California, Colorado, Connecticut, Delaware, Illinois, Maine, Maryland, Massachusetts, Michigan, Minnesota, New Jersey, New Mexico, Oregon, Rhode Island, Vermont, Wisconsin, Washington state and Washington, D.C., as well as Pennsylvania’s Democrat governor, joined James in the lawsuit.

The Associated Press contributed to this report.

This post appeared first on FOX NEWS

A Christmas Eve jazz concert at the Kennedy Center was canceled just days after the White House announced that President Donald Trump’s name would be added to the iconic performing arts institution in Washington, D.C.

The show’s host, musician Chuck Redd, who has led the holiday ‘Jazz Jams’ at the Kennedy Center since 2006, said he called off his performance after Trump’s name was added to the facility.

‘When I saw the name change on the Kennedy Center website and then hours later on the building, I chose to cancel our concert,’ Redd told the Associated Press.

Fox News Digital has reached out to the Kennedy Center for comment. The Kennedy Center’s website lists the show as canceled.

The Kennedy Center’s board voted unanimously on Dec. 18 to rename the institution the ‘Trump-Kennedy Center,’ prompting swift backlash from members of the Kennedy family who said the decision undermined the legacy of President John F. Kennedy.

Maria Shriver, Kennedy’s niece, criticized the decision, calling it ‘beyond comprehension.’

Last week, workers added Trump’s name to the outside of the center, and the website’s header was changed to ‘The Trump Kennedy Center.’

Another Kennedy niece, Kerry Kennedy, vowed to remove Trump’s name from the building after he leaves office.

President Lyndon Johnson signed a bill in 1964 that designated the center as a living memorial to Kennedy following his assassination in 1963. The law prohibits the board of trustees from making the center into a memorial to anyone else or from putting another person’s name on the building’s exterior, the AP reported.

Trump was elected chairman of the Kennedy Center board in February, after removing 18 trustees appointed by former President Joe Biden.

Since Trump returned to office on Jan. 20, several artists have canceled performances at the Kennedy Center, including Lin-Manuel Miranda, who called off a production of ‘Hamilton.’

Redd has toured worldwide and performed with numerous musicians, including Dizzy Gillespie, according to his website bio.

Fox News Digital has reached out to Redd for comment.

The Associated Press contributed to this report.

This post appeared first on FOX NEWS

Nasry Asfura has won the 2025 Honduras presidential election, delivering victory for the right-of-center National Party of Honduras (PNH) and shifting the political landscape of Central America. 

The 40.3% to 39.5% result in favor of Asfura over Liberal Party candidate Salvador Nasralla arrived after the vote-counting process had been delayed for days by technical glitches and claims by other candidates of vote-rigging. Rixi Moncada, the candidate of the ruling LIBRE party, came in a distant third.

The results of the race were so tight and the ballot processing system was so chaotic, that about 15% of the tally sheets, which accounted for hundreds of thousands of ballots, had to be counted by hand to determine the winner.

Two electoral council members and one deputy approved the results despite disputes over the razor-thin difference in the vote. A third council member, Marlon Ocha, was not in a video declaring the winner.

‘Honduras: I am ready to govern. I will not let you down,’ Asfura said on X after the results were confirmed.

The head of the Honduran Congress, though, rejected the results and described them as an ‘electoral coup.’

‘This is completely outside the law,’ Congress President Luis Redondo of the LIBRE party said on X. ‘It has no value.’

Secretary of State Marco Rubio congratulated Asfura on X, saying the U.S. ‘looks forward to working with his administration to advance prosperity and security in our hemisphere.’

Initially, preliminary results on Monday showed Asfura, 67, had won 41% of the ballot, inching him ahead of Nasralla, 72, who had around 39%.

On Tuesday, the website set up to share vote tallies with the public experienced technical problems and crashed, according to The Associated Press.

With the candidates only having 515 votes between them, a virtual tie and site crash saw President Trump share a post on Truth Social.

‘Looks like Honduras is trying to change the results of their Presidential Election,’ he wrote. ‘If they do, there will be hell to pay!’

By Thursday, Asfura had 40.05%, about 8,000 votes ahead of Nasralla, who had 39.75%, according to Reuters, with the latter then calling for an investigation.

‘I publicly denounce that today, at 3:24 a.m., the screen went dark and an algorithm, similar to the one used in 2013, changed the data,’ Nasralla wrote on social media, adding 1,081,000 votes for his party were transferred to Asfura, while 1,073,000 votes for Asfura’s National Party were attributed to him.

Asfura, nicknamed ‘Tito,’ is a former mayor of Tegucigalpa and had entered the race with a reputation for leadership and focus on infrastructure, public order and efficiency.

His win ended a polarized campaign season, with one of the defining moments of the contest being Asfura’s endorsement by Trump.

‘If he [Asfura] doesn’t win, the United States will not be throwing good money after bad,’ Trump wrote on his Truth Social platform Nov. 28.

Before the start of voting Nov. 29, Trump also said he would pardon former President Juan Orlando Hernandez, who once led the same party as Asfura. Hernandez is serving a 45-year sentence for helping drug traffickers.

In the end, the election saw the defeat of centrist former vice president of Honduras, Nasralla and left-wing Moncada, 60, who served under President Xiomara Castro. 

Moncada, a prominent lawyer, financier and former minister of national defense, focused on institutional reform and social equity.

Nasralla, a high-profile television personality turned politician, mobilized a base but fell short of converting his popularity into a winning coalition.  

He was focusing on cleaning up Honduran corruption. The Honduran presidential race was also impacted by accusations of fraud.

In addition to electing a new president, Hondurans voted for a new Congress and hundreds of local positions.

Reuters contributed to this report.

This post appeared first on FOX NEWS

Sun Summit Minerals Corp. (TSXV: SMN,OTC:SMREF) (OTCQB: SMREF) (‘Sun Summit’ or the ‘Company’) is pleased to announce that it has closed its non-brokered private placement (the ‘Private Placement’) previously announced in the Company’s press releases on December 9, 2025 and December 12, 2025, through the issuance of (i) 67,857,143 charity flow-through common shares in the capital of the Company (each, a ‘Charity FT Share’) at a price of $0.14 per Charity FT Share; and (ii) 20,000,000 non-flow-through common shares in the capital of the Company (each, an ‘NFT Shares’) at a price of $0.10 per NFT Share, for aggregate gross proceeds to the Company of $11,500,000.

The Charity FT Shares qualify as a flow-through share within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the ‘Tax Act‘).

The Company intends to use the gross proceeds of the Private Placement for exploration of the Company’s JD, Theory and Buck properties and any other Canadian properties that the Company may acquire, and for general working capital purposes, provided that the Company will use an amount equal to the gross proceeds received by the Company from the sale of the Charity FT Shares to incur eligible ‘Canadian exploration expenses’ that will qualify as ‘flow-through mining expenditures’ as such terms are defined in the Tax Act.

In connection with the Private Placement, the Company paid aggregate cash finder’s fees of $303,380 and granted an aggregate of 2,944,400 non-transferable finder warrants of the Company (each, a ‘Finder Warrant‘) to arm’s length finders of the Company in connection with the Private Placement. Each Finder Warrant entitles the holder thereof to purchase one Common Share of the Company, at an exercise price of $0.14 per share until December 23, 2027.

The Private Placement is subject to the final approval of the TSX Venture Exchange (the ‘TSXV‘). The securities issued in the Private Placement are subject to a hold period expiring on April 24, 2025, in accordance with applicable securities laws.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements thereunder.

Options Issuance

The Company also announces that it has, subject to approval of the TSXV, granted an aggregate of 9,000,000 stock options of the Company (the ‘Options‘) to certain employees, directors and advisors of the Company, in accordance with the rules of the TSXV and the Company’s stock option plan. Each Option entitles the holder thereof to acquire one common share in the capital of the Company (each, a ‘Common Share‘) at an exercise price of $0.15 per Common Share until December 23, 2030.

About Sun Summit

Sun Summit Minerals (TSXV: SMN,OTC:SMREF) (OTCQB: SMREF) is a mineral exploration company focused on the discovery and advancement of district scale gold and copper assets in British Columbia. The Company’s diverse portfolio includes the JD and Theory Projects in the Toodoggone region of north-central B.C., and the Buck Project in central B.C.

Further details are available at www.sunsummitminerals.com.

On behalf of the board of directors

Niel Marotta
Chief Executive Officer & Director
info@sunsummitminerals.com

For further information, contact:

Matthew Benedetto, Simone Capital
mbenedetto@simonecapital.ca
Tel. 416-817-1226

Forward-Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Generally forward-looking statements can be identified by the use of terminology such as ‘anticipate’, ‘will’, ‘expect’, ‘may’, ‘continue’, ‘could’, ‘estimate’, ‘forecast’, ‘plan’, ‘potential’ and similar expressions. Forward-looking statements contained in this press release may include, but are not limited to, use of proceeds of the Private Placement; the size and scope of the drill program at the JD property; the Company’s exploration plans and forecasts; and obtaining regulatory approval for the Private Placement, the grant of Options and exploration plans of the Company. These forward-looking statements are based on a number of assumptions which may prove to be incorrect which, without limiting the generality of the following, include: the state of the equity financing markets in Canada and other jurisdictions; the receipt of regulatory approval; the Company’s ability to complete the drill program as currently contemplated; risks inherent in exploration activities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; and fluctuations in metal prices. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278984

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

(TheNewswire)

   

Vancouver, British Columbia / December 23, 2025 ‑ TheNewswire – Harvest Gold Corporation (TSXV: HVG,OTC:HVGDF) (‘Harvest Gold‘ or the ‘Company‘) is pleased to announce the completion of its maiden drill program on the northern and central areas of Mosseau, its flagship project in Quebec’s Abitibi Urban Barry belt, the home to Gold Field’s Windfall deposit. Further is a summary of the advancements made on Harvest Gold’s district scale land package in 2025.

Harvest Gold President and CEO, Rick Mark, states: ‘Looking back, it has been a very busy and successful year advancing our three property, district scale land package in the Quebec Urban Barry belt. We could not have done it without the ongoing support of our largest shareholder, Crescat Capital, who now owns approximately 19.9% of Harvest Gold, and all the other investors who participated in our three private placements this year. I also want to recognize Louis Martin, who has led our excellent geological team and managed the various exploration and drilling programs conducted in 2025. We are very much looking forward to 2026’.

MOSSEAU

Harvest Gold completed 21 diamond drill holes totaling 4,692 metres on the Mosseau property. Drilling targeted the northern and central areas of the property. Assay results for the northern drill holes have been received and have either been reported or are currently being compiled. Assay results from the central portion of the property are pending, with complete results from both areas expected in January.

Diamond drilling was carried out by Forage Rouillier Drilling of Amos. Drill supervision and core logging were completed by Explo-Logik, and drill core analyses were performed by AGAT Laboratories.

Additional work on Mosseau completed in 2025 included expanded magnetic coverage flown by Novatem over newly staked claims adjoining the Mosseau Property and a second phase of prospecting and a soil sampling program by IOS.

URBAN BARRY

A regional, property-wide reconnaissance till sampling program was completed by IOS in 2025. Results are pending and are expected in January 2026.

LaBELLE

A property wide high-resolution airborne magnetic survey flown by Novatem was completed over the Labelle property. This survey confirmed the extension of the Kiask River Corridor across the property. A prospecting and soil survey was also completed over the western part of the property. Results are pending and are expected in January 2026.

FINANCING

In 2025, the Company raised a total of $3,429,299.89 in three non-brokered private placements to fund exploration activities on its three properties in Quebec’s Urban Barry belt.

About Harvest Gold Corporation

Harvest Gold is focused on exploring for near-surface gold deposits and copper-gold porphyry deposits in politically stable mining jurisdictions. Harvest Gold’s board of directors, management team and technical advisors have collective geological and financing experience exceeding 400 years.

Harvest Gold has three active gold projects focused in the Urban Barry area, totalling 377 claims covering 20,016.87 ha, located approximately 45-70 km west of Gold Fields Limited’s – Windfall Deposit.

Harvest Gold acknowledges that the Mosseau Gold Project straddles the Eeyou Istchee-James Bay and Abitibi territories.  Harvest Gold is committed to developing positive and mutually beneficial relationships based on respect and transparency with local Indigenous communities.

Harvest Gold’s three properties, Mosseau, Urban-Barry and LaBelle, together cover over 50 km of favorable strike along mineralized shear zones.

Qualified Person Statement

All scientific and technical information in this news release has been prepared and approved by Louis Martin, P.Geo., Technical Advisor to the Company and considered a Qualified Person for the purposes of NI 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS

Rick Mark
President and CEO
Harvest Gold Corporation

For more information please contact:

Rick Mark or Jan Urata
@ 604.737.2303 or
info@harvestgoldcorp.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Information

This news release includes certain statements that may be deemed ‘forward looking statements’. All statements in this news release, other than statements of historical facts, that address events or developments that Harvest Gold expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur.

Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

Lobo Tiggre, CEO of IndependentSpeculator.com, described uranium’s key role in providing baseload energy, a narrative that is only being heightened by added artificial intelligence data center and electric vehicle (EV) demand projections.

“The use case is baseload power. There’s no substitution, and the world is building like gangbusters,” he explained. “If the EV story completely went away, it wouldn’t undo the thesis for uranium, It would remove a tailwind, not the base story.”

Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Artificial intelligence (AI) has cemented its role as a key sector for investors, but its path forward is shifting.

Several catalysts, including sustained AI infrastructure spending and US Federal Reserve interest rate cuts, are poised to drive tech sector growth in 2026; however, massive capital expenditure digestion by hyperscalers, alongside increasing demands for a return on investment and persistent power supply limitations, are influencing a rotation in focus, with risks like high valuations and policy uncertainty potentially capping AI industry gains.

Overall, experts are calling for the technology sector to navigate a delicate balance between aggressive expansion and necessary financial discipline in 2026, with AI at the heart of these matters.

Capex digestion and AI verticalization

AI capital expenditures by hyperscalers are projected to fuel demand for semiconductors, data centers and related infrastructure in the year head, as per Nicholas Mersch, portfolio manager at Purpose Investments.

According to notes from multiple analysts, the Big Four — Meta Platforms (NASDAQ:META), Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL) and Amazon (NASDAQ:AMZN) — are slated to spend over US$300 billion on AI infrastructure. Mersch cited forecasts that see hyperscaler capex hitting roughly US$600 billion in 2026.

“Over the next 12 to 24 months, the narrative likely shifts from who can build fastest to who can drive the highest revenue and margin per dollar of AI infrastructure,’ Mersch added. “This is where verticalization matters. The companies that can capture the full stack, from silicon to applications, look like they will win.’

His top pick in this arena is Google, followed by Microsoft.

While the cloud layer remains a high-stakes game of concentration among a few platforms, Mersch said the hardware layer underneath is beginning to fragment as the chip stack quietly diversifies.

“Large multi-year AI chip deals are broadening the market beyond NVIDIA (NASDAQ:NVDA), with Advanced Micro Devices (NASDAQ:AMD) and custom application-specific integrated circuit (ASIC) programs winning meaningful share. High-bandwidth memory (HBM) has become the real bottleneck and profit pool, with tri-sourced HBM3E, an emerging HBM4 race and surging HBM demand from ASICs,’ the expert said.

‘The result is a more plural, multi-vendor accelerator ecosystem. Looking out to the second half of the decade, total AI silicon spend can keep growing even if individual GPU vendors see more competition and pricing pressure, with memory, packaging and custom silicon capturing a larger share of the economics.’

Chip diversification, however, is now colliding with HBM and packaging shortages, constraining output from 2026 to 2027. BMI’s Cedric Chehab notes that rapid capex growth is outpacing supply, ruling out near-term oversupply, but warns of volatility if data center investments fail to deliver profitability amid persistent infrastructure shortages.

Power as a binding constraint for AI

Power limits are a specter looming above AI expansion heading into 2026.

“Individual campuses are pushing past 1 gigawatt, utilities in key regions are scrambling to add generation and transmission and Big Tech is signing multi-gigawatt nuclear and long-term power deals, including restarts of previously shuttered plants,” explained Mersch. US data center demand is now poised to triple by 2030, thrusting utilities, nuclear operators and grid infrastructure into prime investment orbits.

“Even Google has acknowledged that serving capacity needs to double roughly every six months,” he added.

Alphabet, the parent company of Google, and other hyperscalers became active infrastructure developers in 2025, inking high-profile strategic deals designed to secure 24/7 — and carbon-free — energy for AI data centers.

Google’s deal with Elementl Power in May to provide capital to develop three advanced nuclear sites in the US represents a shift toward nuclear energy that is perhaps the most significant structural change in the AI landscape today, further extending the verticalization narrative into the power grid itself.

The shift toward energy-backed AI is being institutionalized at the highest levels of finance. In late 2025, JPMorgan Chase (NYSE:JPM) launched its US$1.5 trillion Security and Resiliency Initiative, a decade-long plan specifically targeting the intersection of AI, grid infrastructure and nuclear energy.

By earmarking US$10 billion in direct equity for US firms, the initiative effectively underwrites the full-stack transition.

Are AI stocks in a bubble?

The path for AI is moving from building technology to proving its value. While many experts remain optimistic, the transition from deployment to execution introduces new risks that could define the industry’s next winners and losers.

As organizations fully embed AI into their core workflows, the operational stakes are shifting. Infrastructure strategies are diversifying as security-conscious businesses seek more control over their high-value AI workloads.

Simultaneously, the rise of agentic AI, which automates full workflows, combined with cost and complexity issues on major hyperscalers, will lead to a trend of cloud repatriation toward regional and bare-metal platforms.

Despite concerns over a potential bubble, the industry will continue to receive massive institutional backing. B2BROKER’s John Murillo rejects the idea of an AI bubble, comparing OpenAI to Edison’s plants amid giants’ resilience.

‘In the case of dot-coms, everyone was investing just to invest; it didn’t matter what exactly to choose and some of the projects didn’t have a solid foundation. With AI, it’s not like this. The technology proves its worthiness every day, and it has already swept away many junior analysts,’ Murillo emphasized.

Nevertheless, high AI valuations risk corrections if adoption disappoints or energy constraints emerge.

The success of the current capex cycle will depend on whether these investments translate into measurable operating leverage and cost savings through the back half of the decade.

“The bubble scenario is very unlikely,” Murillo added. “I think in the current economic situation, there are problems much worse than a potential bubble.”

For example, geopolitical tensions, sticky inflation and US midterm elections could spark volatility, prompting sector rotations away from overvalued mega caps.

Investor takeaway

The investment focus in AI is shifting from the initial narrative to tangible execution and quantifiable profitability. While the challenges of elevated valuations and geopolitical instability persist, some experts dismiss comparisons to a technology bubble, arguing the sector’s demonstrated value offers a stable underpinning.

Future leaders in the AI industry will be distinguished by their capacity to convert infrastructure spending into significant operating leverage and cost efficiencies.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Gold marked a new price milestone on Tuesday (December 23), continuing its record-breaking 2025 run.

The spot price rose as high as US$4,511.83 per ounce, hitting that point at 4:04 p.m. PST.

Gold spot price chart, December 16 to 23, 2025.

The yellow metal’s latest rise caps off what’s been a historic year.

After starting 2025 around US$2,640, gold had risen to the US$3,200 level by April. It stayed within a fairly flat range until the end of August, when it launched higher once again, breaking US$4,300 in mid-October.

Gold took a breather following that move, even falling briefly below US$4,000; however, its retracement was neither as steep nor as long as market watchers expected. It began gaining steam again in mid-November, and took off again in earnest this week, powering higher along with its sister metal silver, which is currently over US$71 per ounce.

Both metals benefit from geopolitical tensions and economic uncertainty, which have been present on a global scale throughout the year. Interest rate cuts from the US Federal Reserve have provided support too, as have expectations of easier monetary policy after Fed Chair Jerome Powell’s term ends next year.

Gold also continues to benefit from strong central bank buying, while silver’s industrial side is attracting attention. Although it is valued as an investment metal, it’s key for technology such as solar panels.

Elsewhere in the precious metals space, platinum rose to a fresh record on Tuesday, reaching US$2,355.83 per ounce. Palladium remains below its top price level, but is elevated at around US$1,895 per ounce.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com