Tag: Information Technology Services

Applied Digital delivered surging revenue in its latest quarter as its artificial-intelligence data center buildout began translating into business, offering investors a potential bright spot.

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 (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.