Mixed Earnings Catalysts Emerge
Key Questions
What were key recent earnings results?
Applied Digital (APLD) beat Q3 estimates with $126.6M revenue, up 139% YoY, driven by AI data centers; price target raised to $58. Delta beat on fuel efficiency edges, while Constellation Brands (STZ) missed.
What do banks forecast for tech and AI capex?
JPMorgan and Goldman Sachs project tech/AI capital expenditures of $600-680B in 2026, highlighting ongoing investment despite mixed earnings.
Which upcoming earnings are investors watching?
Key reports include Netflix (NFLX) and TSMC on April 16, AMD on April 22, with high volume expected and gamma headwinds noted. Big Tech shows 59 positive positions amid bank earnings focus.
APLD Q3 beat $126.6M +139%YoY AI data centers PT $58 Delta beat fuel edge STZ miss; banks JPM/GS tech/AI capex $600-680B'26 Big Tech 59 pos/NFLX/TSMC Apr16/AMD Apr22 vol watch gamma headwinds.
Sources (2)
Updated Apr 12, 2026