The Rundown

AI data centers are becoming the backbone of the global economy, and Applied Digital CEO Wes Cummins says we’re still in the early innings. In this episode, Wes breaks down how his company went from building crypto infrastructure to making a massive early bet on AI before the rest of Wall Street caught on. He explains why hyperscalers like CoreWeave, Meta, and Microsoft are scrambling for power and compute capacity, why North Dakota unexpectedly became a hotspot for AI infrastructure, and why he believes data centers, not GPUs, will become the biggest bottleneck in AI. We also dig into the company’s explosive growth, the risks around debt and energy demand, and whether today’s AI boom could end like the dot-com bubble.

Market update for Friday May 22, 2026.
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In today’s episode, Zaid covers:
Spotify stock rips after AI music deal announced on Investor Day

Anthropic working on custom chip deal with Microsoft

OpenAI preparing to file for an IPO very soon

Zoom beats earnings, raises outlook on AI momentum

Take-Two confirms GTA VI on track for November 19th launch

Record 45 million Americans traveling for Memorial Day despite $4.56 gas

Market update for Thursday May 21, 2026.
Check out the Public app for incredible investing tools and to support the show (LINK)
Follow us on Instagram (@TheRundownDaily) for bonus content and instant reactions.
In today’s episode, Zaid covers: 
Nvidia's $81 billion quarter and why Wall Street wasn't impressed

What Walmart's earnings reveal about the American consumer right now

E.l.f. Beauty is lowering prices while everyone else is raising them

Intuit cuts 17% of its workforce and the stock tanks

Some of the financial surprises from SpaceX’s S1 filings including $4.9 billion in losses

Check out the Public app for incredible investing tools and to support the show (LINK)
Follow us on Instagram (@TheRundownDaily) for bonus content and instant reactions.
In today’s episode:
Google unveils Gemini 3.5 Flash, AI agent and a major overhaul to Search at its annual I/O developer conference

Target crushes earnings with its first positive same-store sales in five quarters and raises its full-year outlook

Cava defies the restaurant slowdown with 9.7% same-store sales growth and a raised forecast

Lowe's beats on earnings but stock slips as comparable sales disappoint in a tough housing market

OpenAI co-founder Andrej Karpathy joins Anthropic

arket update for Tuesday May 19, 2026
Check out the Public app for incredible investing tools and to support the show (LINK)
Follow us on Instagram (@TheRundownDaily) for bonus content and instant reactions.
In today’s episode, Zaid covers:
Bond yields hitting their highest levels in over a year and what that means for stocks

Elon Musk losing his $150 billion lawsuit against OpenAI and Sam Altman

Google and Blackstone creating a new AI cloud company to rival Nvidia and Coreweave

Amer Sports stock surging on blowout Salomon and Arc'teryx demand

Home Depot beating earnings but falling on weak comparable sales

Amazon launching AI-generated podcasts through Alexa+