Tag: $Applied Digital

Applied Digital stock jumps as revenue triples, beats estimates

Applied Digital Corp (APLD), a provider of high-performance data centers for AI and blockchain workloads, reported fiscal second quarter revenue that more than tripled YoY, easily surpassing analyst expectations as its high-performance computing business gained momentum.

Applied Digital stock rises after announcing cloud business spinoff

Applied Digital (APLD) stock rose 1.2% in after-hours trading Monday following the announcement of a proposed business combination that would spin off its cloud computing business.