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Applied Digital Stocks Surge 25% Premarket on Q3 Revenue Beat and New Lease
Applied Digital soared 25% in pre-market trading after reporting quarterly revenue above analyst estimates and announcing a 150 MW lease with CoreWeave at its North Dakota data center. The deal expands the company’s AI and high-performance computing capacity, highlighting strong demand for U.S.-based infrastructure. Analysts said the results underscore Applied Digital’s strategic positioning in the AI data center boom, with improving margins and growing enterprise partnerships supporting long-term growth momentum.
Companies:
- Applied Digital
Tags:
- Applied Digital
- AI data center
Explore:Mutual Fund Themes
positive
Applied Digital Stocks Surge 25% Premarket on Q3 Revenue Beat and New Lease
Applied Digital soared 25% in pre-market trading after reporting quarterly revenue above analyst estimates and announcing a 150 MW lease with CoreWeave at its North Dakota data center. The deal expands the company’s AI and high-performance computing capacity, highlighting strong demand for U.S.-based infrastructure. Analysts said the results underscore Applied Digital’s strategic positioning in the AI data center boom, with improving margins and growing enterprise partnerships supporting long-term growth momentum.
Companies:
- Applied Digital
Tags:
- Applied Digital
- AI data center
Explore:Mutual Fund Themes
1 min read
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Applied Digital rallies sharply on strong financial and operational news.
Applied Digital soared 25% in pre-market trading after reporting quarterly revenue above analyst estimates and announcing a 150 MW lease with CoreWeave at its North Dakota data center. The deal expands the company’s AI and high-performance computing capacity, highlighting strong demand for U.S.-based infrastructure. Analysts said the results underscore Applied Digital’s strategic positioning in the AI data center boom, with improving margins and growing enterprise partnerships supporting long-term growth momentum.
Applied Digital soared 25% in pre-market trading after reporting quarterly revenue above analyst estimates and announcing a 150 MW lease with CoreWeave at its North Dakota data center. The deal expands the company’s AI and high-performance computing capacity, highlighting strong demand for U.S.-based infrastructure. Analysts said the results underscore Applied Digital’s strategic positioning in the AI data center boom, with improving margins and growing enterprise partnerships supporting long-term growth momentum.
Companies:
- Applied Digital
Tags:
- Applied Digital
- AI data center
- Applied Digital
- AI data center
- CoreWeave lease
- revenue beat
- enterprise growth