Applied Digital beats quarterly revenue estimates on AI data center demand, shares jump

Core Insights - Applied Digital reported second-quarter revenue that exceeded Wall Street estimates, driven by strong demand for its large-scale facilities for artificial intelligence [1] Company Summary - The company operates data centers and has seen a significant increase in demand for its services, particularly in the artificial intelligence sector [1] Industry Summary - The data center industry is experiencing robust growth, largely fueled by the rising need for infrastructure to support artificial intelligence applications [1]