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Applied Digital Stock Rises. A Major Hyperscaler Is Expanding North Dakota
Applied Digital’s Q1 revenue jumped 322% to $341.9M, far above estimates, though losses widened. See what it means for Applied Digital stock.
Applied Digital Corp. (APLD) shares surged about 4% in early trading Thursday after the company posted a sharp increase in quarterly revenue and detailed plans for a larger AI data-center footprint.Revenue for the fiscal first quarter rose 322% from a year earlier to $341.9 million. The figure was…