$GOLDWIND(02208.HK) surged 6%, while $Oklo(OKLO.US) dipped slightly. Both sit under the new energy umbrella, but wind power relies on bidding volumes and delivery fulfillment, whereas small modular reactors hinge on licensing progress and the imagination space for AI-driven power demand. At current levels, are you willing to pay a premium for assets already generating electricity, or for those potentially doing so by 2030? The latter seems less likely—discounting distant cash flows is too expensive before interest rates truly come down.