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APLD Stock Soars Premarket After Q1 Sales Rise 4X: CEO Reveals Tier 1 Hyperscaler Building 1GW Data Center In North Dakota
Stocktwits ·
Stocktwits reports: Applied Digital Corp. (APLD) shares jumped nearly 5% in early premarket trading on Thursday after the AI data center operator reported fiscal first-quarter results that comfortably topped Wall Street expectations, with revenue surging more than fourfold year over year. Revenue for the quarter ended August jumped 322% to $341.9 million from $80.9 million a year earlier, well above the $116.3 million analysts polled by FactSet expected. Adjusted net loss narrowed to $0.01…