Julie Morgan

The CFO of AMC Entertainment, Sean Goodman, on Tuesday told investors there's a significant opportunity to continue closing underperforming theaters.

He said on the post-earnings conference call that the company has the option to renew or terminate roughly 85 leases a year.

That's about 10 percent of its locations.

Goodman added that AMC will be closing more theaters than they open, and that the new ones that they're opening are generating significantly more profit than the ones they close.

The remarks followed the company's report of lower fourth-quarter attendance and a decline in the average number of screens compared with the prior year.

In response to a question regarding the level of capital expenditures, Goodman stated that a few new theater locations are planned for 2026 and beyond.

Those additions have already been incorporated into the company's projected CapEx range of $175 million to $225 million.

AMC is down 25% so far this year.

And we have one item from Tuesday night's State of the Union address.

President Trump has said that major technology companies developing artificial intelligence data centers will have to cover their electricity needs under what he called a newly negotiated rate protection pledge.

Trump said tech firms would be told to generate dedicated power for their expanding AI infrastructure rather than drawing additional load from a local grid.

He did not name the companies involved or provide details on how the plan would be implemented or enforced.

Reuters reported that the White House is expected to host companies in early March to formalize the effort.

If you remember, last month Microsoft unveiled a plan to ensure their data centers don't increase consumers' electricity prices and minimize water use and replenish more of the water than they use.

Wedbush has said it expects other big tech organizations to follow soon after, given the increased scrutiny from federal, state, and local governments.

Now we have a look at a few other articles that are trending.

Warner Brothers Discovery says the Ray's Paramount Skydance bid may be superior.

Anthropix softens its AI safety policy to stay competitive.

And the Trump administration is reportedly exploring requiring banks to collect citizenship data.

We have a busy catalyst to watch for the day.