DALLAS, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (HPC) applications, will host a conference call on Tuesday, January 14, 2025, at 5:00 p.m. Eastern Time to discuss its operations and financial results for the fiscal second quarter ended November 30, 2024. A press release detailing these results will be issued after the m ...

ELLENDALE, N.D., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (NASDAQ:APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (HPC) applications, today announced a major milestone in the development of its purpose-built HPC data center in Ellendale, N.D., with the successful energization of its on-site main substation transformer. This milestone signals the facility's progression into the ...

The post-election market shift has created compelling opportunities in small-cap technology stocks. The Russell 2000 index has gained 7.8% since the election, compared with just 4.4% for the S&P 500, indicating renewed investor interest in smaller companies after years of large-cap dominance.This rotation toward small-caps comes at an opportune time for innovative technology companies overlooked during the artificial intelligence (AI) boom. While megacap tech stocks trade at premium valuations, many promisi ...

Core Viewpoint - Nvidia is experiencing tremendous demand for its GPUs across various sectors, leading to significant excess revenue, which the company is strategically investing to enhance product adoption [1] Group 1: Nvidia's Investments - Nvidia's third-quarter 13F filing revealed it holds 1.7 million shares of SoundHound AI valued at $8 million and a new position in Applied Digital worth $63 million [2] - Both SoundHound AI and Applied Digital have a symbiotic relationship with Nvidia, enhancing its market presence [2] Group 2: SoundHound AI - SoundHound AI has a market cap of approximately $2.3 billion and its stock price has nearly tripled over the last 12 months [4] - The company reported a revenue growth of 89% year over year in Q3, partly due to the acquisition of Amelia, expanding its technology into new markets [5] - SoundHound is collaborating with Nvidia to provide voice AI assistance and is gaining traction in the electric car market, with Stellantis utilizing its technology [6] - The company reported an adjusted net loss of $15 million in Q3 but aims for profitable growth by the end of 2025 [7] Group 3: Applied Digital - Applied Digital has a market cap of around $1.8 billion and its stock has increased by 112% over the past year [9] - The company builds data centers for AI, cloud services, and cryptocurrency mining, with a revenue growth of 67% year over year last quarter [10] - Despite reporting an adjusted net loss of $4 million, Nvidia's investment is crucial for Applied Digital's growth, enabling it to finance high-return projects [11] - Applied Digital is finalizing a lease for a 369,000-square-foot facility designed for AI workloads [12] - The cloud service segment generated nearly half of the company's revenue last quarter, indicating strong growth potential [13] - The company reported a profit of $20 million on an adjusted EBITDA basis, with a reasonable enterprise value-to-EBITDA ratio of 21, suggesting potential for excellent returns [14]

Wall Street bulls held their ground at the Nasdaq’s 21-day moving average to start a week that includes earnings reports from Nvidia, Walmart, Target, and other tech and economic bellwethers.See the Zacks Earnings Calendar to stay ahead of market-making news. The bulls appear in control of the stock market as they focus on earnings growth, and the likelihood of lower corporate taxes and less red tape during a second Trump term.CNN’s Fear and Greed Index (a contrarian stock market indicator) is sitting at Ne ...

Applied Digital is bringing up infrastructure for the artificial intelligence market. In today's video, I discuss recent updates affecting Applied Digital (APLD 7.19%), a company Nvidia (NVDA -1.29%) just invested in. To learn more, check out the short video, consider subscribing, and click the special offer link below. *Stock prices used were the after-market prices of Nov. 15, 2024. The video was published on Nov. 16, 2024. ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, November 15:AST SpaceMobile, Inc. (ASTS) : This space-based cellular broadband network provider has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.8% over the last 60 days.AST SpaceMobile's shares gained 565.0% over the last six months compared with the S&P 500’s advanced of 12.2%. The company possesses a Momentum Score of A.Applied Digital Corporati ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Federated Hermes, Inc. (FHI) : This global asset manager has seen the Zacks Consensus Estimate for its current year earnings increasing 12.5% over the last 60 days.Raymond James Financial, Inc. (RJF) : This diversified financial services company has seen the Zacks Consensus Estimate for its current year earnings increasing 5.8% over the last 60 days.AST SpaceMobile, Inc. (ASTS) : This space-based cellular broadband network provider has ...

Key TakeawaysShares of Applied Digital surged in extended trading Thursday after Nvidia reported a stake in the company.Nvidia held a roughly 3% stake in Applied Digital as of Sept. 30, according to a filing with the Securities and Exchange Commission.Applied Digital is a provider of advanced digital infrastructure, designed to support high-performance computing and artificial intelligence applications. Shares of Applied Digital (APLD) surged over 4% in extended trading Thursday after Nvidia (NVDA) reported ...

Shares of Applied Digital Corporation (APLD) have gained 13.1% over the past four weeks to close the last trading session at $7.79, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $10.71 indicates a potential upside of 37.5%.The mean estimate comprises seven short-term price targets with a standard deviation of $1.11. While the lowest estimate of $9 indicates a 15.5% increase fr ...