Applied Digital (APLD) Pops 8.7% as Market Mood Brightens

Group 1 - Applied Digital Corporation (NASDAQ: APLD) experienced a significant rally, increasing by 8.66% to close at $27.10, driven by market optimism regarding potential interest rate cuts [1][3] - The technology sector led the market gains, with an overall increase of 30.49% during the session [3] - JPMorgan revised its outlook, now anticipating a 0.25 percentage-point cut by the Federal Reserve on December 10, which contributed to the positive sentiment [2] Group 2 - Applied Digital announced the completion of the second phase of its Polaris Forge 1 campus, which can support a critical IT load of 100 MW [3] - The facility is part of a larger 400 MW lease agreement with CoreWeave Inc., projected to generate $11 billion in revenue for Applied Digital [4]