Applied Digital (APLD) Extends Rally for 11th Day on AI Boom

Group 1 - Applied Digital Corp. (NASDAQ:APLD) has extended its rally for the 11th consecutive day, driven by positive investor sentiment towards the artificial intelligence sector [1][2] - On Monday, APLD reached an intra-day high of $24.85 before closing at $24.45, reflecting a 19.38 percent increase [1] - The optimism in the AI industry is largely attributed to Nvidia Corp.'s $100 billion investment in OpenAI, which alleviated concerns regarding an AI bubble [2] Group 2 - Nvidia's investment will support the deployment of at least 10 GW of systems for OpenAI's next-generation AI infrastructure, aimed at training and running advanced AI models [2] - The first phase of this initiative is expected to be operational in the second half of 2026, utilizing the Nvidia Vera Rubin platform [3] - Companies like Applied Digital, which provide high-performance computing services, are positioned to benefit from the anticipated growth in the AI sector [3]