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Wajeeh Khan

Should You Chase the Rally in Applied Digital Stock Today?

Applied Digital APLD United States

Applied Digital (APLD) shares soared on Jan. 8 after the artificial intelligence (AI) infrastructures company said its revenue more than tripled to about $127 million in the second quarter.

On the earnings call, the Nasdaq-listed firm reiterated its recently secured $5 billion hyperscaler lease, reinforcing its position as a major provider of large-scale data center capacity.

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One subscription that gives you access to news from hundreds of sites

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