The Latest Breaking News from APLD

Shares of Applied Digital Corp (NASDAQ:APLD), a designer and operator of data centers for blockchain and AI, are trading higher this week, buoyed by a 9% rise in Bitcoin’s (CRYPTO: BTC) value over the past five days. Here’s what investors need to know.

Applied Digital Corp (NASDAQ:APLD) has become one of Wall Street’s hottest tickets as it quickly evolved from crypto-focused data centers into what it now refers to as “AI Factories.”

Applied Digital Corp (NASDAQ:APLD) shares are trading higher Thursday after the company reported financial results for the fourth quarter.

Applied Digital (NASDAQ:APLD) shares are trading higher after the company reported fourth-quarter financial results Wednesday after market close.

Shares of crypto miners Applied Digital Corp (NASDAQ:APLD), Galaxy Digital Inc (NASDAQ:GLXY) and IREN Ltd (NASDAQ:IREN) all closed higher Thursday in sympathy with Core Scientific Inc (NASDAQ:CORZ). Core Scientific’s stock gained on reports that AI cloud firm CoreWeave Inc (NASDAQ:CRWV) is in discussions to acquire it.

As Amazon commits $10 billion to data centers, this lesser-known data center player could emerge as a quiet winner.

Applied Digital is well-positioned to benefit from significant growth trends in digital infrastructure and crypto.

Compare three cloud infrastructure companies to determine if any can stand up to larger stalwart tech firms in the race to gain market share.

With Meta supercharging its AI investments, this data center stock could be a compelling investment candidate now.