Applied Digital stock climbs 16% as AI demand fuels data center growth

Mihaela Păun

Applied Digital shares jumped 16% on Friday after the company posted strong first-quarter revenue that was boosted by artificial intelligence data center demand, putting the stock up more than 350% for the year. Here's how the company did compared to LSEG estimates: First quarter revenue of $64.2 million was up 84% from a year ago, when it reported $34.85 million in revenue. The data center company reported earnings after the bell on Thursday. During the quarter, Applied Digital built on its $7

din zilele anterioare