They basically narrowed losses for Q2 uh

saying that they didn't lose as much as

the street was anticipating. The uh

losses per share were $114

on revenue of 2.5 billion. Uh the street

was expecting a loss of a $141

on revenue of 2.5 billion. the revenue

was, you know, more or less in line uh

with uh what was expected uh give or

take a few hundred million, but the the

uh losses per share being narrowed was

obviously uh a big deal. The company has

kind of plunged about 30% since its last

earnings report. So, anything on the

positive side is a good sign for them.

The the issue here is that uh well, they

also said, by the way, that their

backlog is 104 billion. This may be

where the the you're seeing this 10%

jump.

>> The the backlog is 104 billion. That was

anticipated, but then they said, "Oh,

yeah, that doesn't include another 25

billion uh in Q3 commitments." So,

they're obviously seeing a lot of sign

up for their services. And that may be

why we're seeing this uh big 10% jump

here uh for the company uh after hours.

Uh the thing that I I want to point out

is this is a company that obviously they

they're an infrastructure company for AI

and that they stand up these data

centers that that are rented out to big

names, Anthropic, Meta, what have you.

Uh the issue though is they're starting

to get new competition in the space and

that comes from SpaceX that comes from

uh potentially Meta. SpaceX is renting

out some of its capacity to Google to

Anthropic that you saw on their revenue

uh for the most recent or their first

actual official reporting quarter uh for

SpaceX. We may see something from Meta.

It's still kind of up.