Results for: APLD

Applied Digital Corporation (APLD) shares jumped on Thursday after the company surpassed analyst expectations for its first quarter of fiscal year 2025. The earnings beat was fueled by the success of its newly launched Cloud Services business and a recent $160 million investment from a group including Nvidia. Several analysts have upgraded their ratings and price targets on APLD, suggesting potential for further upside in the stock.

Shares of Applied Digital Corporation (APLD) surged on Thursday after the company announced a $160 million private placement financing deal. The investment, led by NVIDIA and Related Companies, will fuel Applied Digital’s expansion of data centers and cloud-computing operations, particularly in the rapidly growing AI and high-performance computing (HPC) sectors.