Why Applied Digital Stock Jumped 8.6% Today

Applied Digital's buildout continues.Shares of Applied Digital (APLD +8.46%) jumped on Thursday, finishing the day up 8.6%. The spike came as the S&P 500 and the Nasdaq Composite finished up 0.7% and 1.3%, respectively.The artificial intelligence (AI) data center company announced today that it secured $100 million in financing to "fund the pre-lease development costs for new data center projects."NASDAQ : APLDApplied DigitalToday's Change( 8.46 %) $ 1.86Current Price$ 23.86Key Data PointsMarket Cap$6.1BDay ...