Applied Digital Is The Latest AI Infrastructure Stock To Catch Fire
Applied Digital (APLD) stock leaped on Friday after the operator of data centers for artificial intelligence, cloud computing and blockchain workloads, reported a big surge in revenue in its latest quarter. The Dallas-based company late Thursday reported better-than-expected results for its fiscal first quarter ended Aug. 31. Applied Digital said its revenue jumped 84% year over year to $64.2 million, topping analyst estimates for $50 million. The company reported an adjusted loss of 3 cents a share, in lin ...