Market News / Story
Applied Digital Stock Jumps. The AI Data Center Boom Is Fueling Next Growth Phase
GuruFocus ·
GuruFocus reports: Applied Digital Corp. (APLD) shares surged about 4% in early trading Thursday after the company posted a sharp increase in quarterly revenue and detailed plans for a larger AI data-center footprint. Revenue for the fiscal first quarter rose 322% from a year earlier to $341.9 million. The figure was above the $116.3 million analyst estimate, while adjusted loss narrowed to $0.01 a share from $0.03. The bigger story is the company's pipeline. Chief Executive Wes Cummins…
