Why Applied Digital Stock Is Jumping Today

Applied Digital just got a notable new vote of confidence.Applied Digital (APLD 3.52%) stock is climbing Tuesday despite volatile swings for the broader market. The data center company's share price was up 3.9% as of 3 p.m. ET. The stock had been up as much as 14.9% earlier in the day's trading.Applied Digital stock is getting a valuation boost today after receiving bullish analyst coverage. Lucid Capital initiated coverage on Applied Digital stock with a buy rating, and investors are responding by bidding ...