Trigger: user — "yeah lets promote to active - definitely laggards but i'm seeing energy as needing to do something about our crazy energy demands sooner or later." The definitely laggards clause ratifies the conviction-gradient read (the whole cohort is washed-out / pre-confirmation, not a chase); the energy needs to do something about our crazy energy demands sooner or later clause is the user's own statement of the AI-driven-demand thesis — the structural pull this perspective is built on.

Promote executed: added to ACTIVE.json (status active, priority high, paradigm physics-down, 13 conviction-ordered key_tickers LEU/CCJ/UEC/UUUU/ASPI/BWXT/CEG/VST/TLN/DUK/OKLO/SMR/NNE, full watch_for). README frontmatter status draft→active + banner rewritten + ## Status: heading DRAFT→ACTIVE. last_refreshed 2026-06-05→2026-06-06 (promotion touch); data_as_of held at 2026-06-05 (the tape behind the data table).

Capacity gate (the demote): ACTIVE was at 10/8 over the soft cap (nearline 6/3 + livestock 6/4 were both promoted without retiring — capacity hygiene was explicitly owed). Promoting nuclear without a demote would push to 11; per the one-in-one-out rule I demoted gulf-infrastructure-strike active→monitoring (priority medium→low), finally paying down the owed hygiene. Why gulf and not spacex (the two carried candidates): spacex-ipo-liquidity-event is 6 days from its 2026-06-12 catalyst — peak relevance, the live ai-mega-ipo-lane branch — demoting it now would be backwards. gulf-infrastructure-strike was already medium / explicitly "no current trade" (all legs inverted since the 2026-06-03 high→medium downgrade), kept alive only as a binary ~90 days out — exactly the war-ends-playbook / gold-crash demote-to-monitoring precedent from 6/3–6/4. Gulf keeps relevance_until 2026-09-30 and its full unwind-map watch_for; reopen→active on a Ras Laffan restart-clock catalyst, a fresh Hormuz/Barakah re-escalation, or the depletion binary coming into ~30-day range. No tickers lost (the live Hormuz/oil expression lives on us-energy-dominance).

Net slate: 10 active (was 10; nuclear in, gulf out). Promotion-decision row in TASKS-PERSPECTIVES.md closed.