Applied Digital Corporation, a leader in next-generation digital infrastructure for high-performance computing, has successfully completed a $450 million offering of convertible senior notes. The company plans to utilize the proceeds for share repurchases, capped call transactions, and general corporate purposes, demonstrating its commitment to strategic growth and shareholder value.
Results for: Applied Digital
US stocks closed mixed on Thursday, with the Dow Jones index falling around 300 points. However, several individual stocks surged, driven by strong earnings reports, optimistic guidance, and positive analyst ratings. G-III Apparel Group, Applied Digital Corporation, and Yext, Inc. were among the top performers, while EchoStar, Larimar Therapeutics, and Uniti Group also saw significant gains.