But there's people lining up. Enterprise, Fortune 500, this isn't even about hyperscale. Revenues come from four clients.

All those four clients have to do is crimp

their spending and get closer wrong with their AI. I mean, there's nothing wrong with demand. Nothing at all. It's too expensive. In fact, if anything, it's been a problem about meeting demand. Right. And we just heard about the new round of chips that are ahead of schedule. So then why talk about quantum? You're the one talking about it. No, he is.

He is, not me. Because it's the next thing. He said it was 10 or 15 years out, but now it's the next thing. Google talked about it, too. That's fine, because Google actually has a problem. Well,

let me talk about Micron, because I think if anyone's out there that actually has been overly rosy about their AI prospects and been a little bit cheerleader-y and pom-pom I think it's Micron. And here they are again talking about HBM and where at least the demand side of DRAM is actually working, and it's well offsetting a price decline in NAN. So I would be cautious. Micron's always cheap. It's had a pop here. It's not what I'm chasing.

Coming up, a slam dunk deal out of the NBA. Who is scooping up the reigning champion Boston Celtics and the record-breaking sales price they fetch? The details when Fast Money returns back in two. Welcome back to Fast Money. Reigning NBA champion Boston Celtics scoring off a record-breaking deal today. A group led by investor Bill Chisholm buying the team for $6.1 billion. That's about 13 times revenue. The team was previously valued at five and a half billion in CNBC's official NBA rankings released last month. As part of the deal, the current Celtics CEO and governor Will Raymond will will remain in his role through the 2027, 2028 season. CNBC senior sports reporter Mike Ozanian joins us now for more. Eye-popping deal, Mike, but it's structured in a very interesting way. It's not full control transfer.

Right. He's buying more than half the team. William Chisholm and his group is now, and then he's going to buy out the remaining portion in three years. What I find most fascinating about this deal is most of the huge prices that we've seen, the high revenue multiples have been for teams that control the economics of their arena. The Celtics do not. The Boston Bruin control the economics. So they get the lion's share of hospitality, suite revenue and those types of things. So if you're the NBA, you're loving this because you're thinking, wow, even for a team that doesn't control its economics, you're in a great market like this. You're going to go for an eye-popping revenue multiple.

Right. So what does this do to the other valuations on the list for the teams that do control the economics?

Well, listen, I think if you're a big market team, it definitely boosts your value. A lot of this is, of course, as we've talked about here before, is the new TV deal for the NBA, which kicks in next season, is 60 percent more than the current deal. What the advantage the Celtics have, too, is even over some other big market teams is they're the only NBA team in their market. So in New York, we have the Nets, the Knicks. In L.A., you got the Clippers and the Lakers. They own that market. And they're probably the most iconic brand. They won the most championships in the NBA they could win it again this

year I'll be respectful and say the Nets are not part of New York but with that said I mean I think the Grossbeck family bought that franchise for 300 million dollars 22 years ago so you can do the math and go back to Steinbrenner we bought the Yankees for like a million two you can do that math. My question is, 20 years from now, we're talking about a team that goes

for $50 billion in one of these major sports. I agree. I remember the first time I valued sports teams. It was a long time ago, around 1989. And when I saw the valuations, because to your point, I was looking at what the Yankees were valued at then. Guys were saying like $250 million. I was like, wow, versus the enterprise value of $8.8 million, you know, in 72 or three. I said, can this go on forever? And the guy said to me, he was a valuation expert. He said, no, no, no. He said, they can't go much higher because media rights aren't going to go up that much more. So I think you're right. I think the intellectual property value of these teams and now with technology, this guy Chisholm, private equity guy, specializes in technology, to expand those IP capabilities outside of the team into ways to generate revenue from other things, I think they really tapped into something.

Mike, great to see you. Thanks for coming. Great to be here. Thank you. Up next, final trades. Final trade time. Tim.

Smoke

them if you got them. British American tobacco. No, tobacco stocks have been running. And I think this one will continue to run.

Karen. Yes. Boeing. I think poised for liftoff. I like what the CFO said yesterday.

Steve. Tesla for a trade. Guy. PSA. Nobody cares about your brackets tomorrow. So don't tell people how I went 13 and 2. Nobody cares. ExxonMobil, Mel. Thank you

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