Zaid Admani

market, and China has become a big market for them as well.

As a result, shares of the company are up more than 19% this morning at the time of this recording.

Now, on the flip side, the AI data center company Applied Digital is seeing their stock fall despite what looked like a great quarter on paper.

The revenues grew 139% year over year to $127 million.

The problem though is the company lost more money than expected and they also reported no new business deals.

See, over the past couple quarters, Applied Digital has been landing big data center leases with hyperscalers and companies like Corwi.

So investors were expecting more of that this quarter.

But nothing was announced, and that's making investors a bit nervous.

Now, to be fair, Applied Digital is sitting on about $16 billion in backlog from existing contracts.

And they're also building out several massive data center projects that should come online by 2027.

The CEO tried to calm investors by saying the demand for AI data centers is exceeding.

But for now, investors are disappointed and shares of Applied Digital are down around 5% this morning on this news.

Let's wrap the show with a fun fact.

The Masters Golf Tournament kicks off today.

It's the biggest event in golf, one of the biggest events in sports, and it's also the biggest event when it comes to private jets.

Over 4,000 private jets are expected to fly into the Augusta, Georgia area airports during Masters week.

Just to give you some context here, about a thousand private jets fly in for the Super Bowl.

So the Masters is at a whole nother level.

You know, I'm not a big golf guy.

I've never really played golf, but I'll have the Masters on in the background over the next four days.