Applied Digital stock climbs 16% as AI demand fuels data center growth

Applied Digital shares jumped 16% on Friday after the company posted strong first-quarter revenue that was boosted by artificial intelligence data center demand, putting the stock up more than 350% for the year.Here's how the company did compared to LSEG estimates:Loss per share: Loss of 7 cents vs. a loss of 13 cents expectedRevenue: $64.2 million vs. $50 million expectedFirst quarter revenue of $64.2 million was up 84% from a year ago, when it reported $34.85 million in revenue.The data center company rep ...