Streetbeat News

APLD

Applied Digital Corporation

https://www.applieddigital.com

Industry

Financial - Capital Markets

Applied Digital Corporation designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the performance computing industry. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporation was incorporated in 2001 and is based in Dallas, Texas.

Open

7.81

Mkt cap

1.6B

Volume

8.5M

High

7.98

P/E Ratio

-6.15

52-wk high

9.48

Low

7.37

Div yield

N/A

52-wk low

2.36

Applied Digital has reached an agreement to sell its Garden City Campus to Marathon Digital Holdings for an approximate net purchase price of $87.3 million. This transaction marks a significant financial move for both companies involved.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 12:01 pm

Tech sector stocks are trading lower due to worse-than-expected February inflation data, affecting a wide range of companies.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 7:46 pm

Applied Digital Corporation (APLD) has secured a $75M contract with AI company Together AI, receiving an $18M prepayment. APLD has onboarded one compute cluster of GPUs for Together AI and provided access to a second cluster, featuring H100 GPUs and NVLink technology. This partnership aims to meet the demands of AI and HPC markets, with APLD's infrastructure designed for high-performance computing applications.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 12:11 pm

In Friday's intraday session, 12 Information Technology stocks showed significant movements. Notable gainers included ReAlpha Tech Corp (AIRE) and OMNIQ (OMQS), with AIRE surging 52% and OMQS by 19.68%. Porch Group (PRCH) and Samsara (IOT) also saw upward movements after their Q4 earnings reports. On the downside, BigBear.ai Hldgs (BBAI), Mobix Labs (MOBX), and Rubicon Technologies (RBT) experienced declines, with BBAI dropping 31.6% following its Q4 earnings release.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 5:31 pm

Applied Digital has successfully closed a loan agreement, securing $16M in financing. This move is aimed at bolstering the company's financial position and supporting its growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:06 pm

The Bear Cave released a report on B. Riley Financial (RILY), highlighting issues such as ties to accused fraudster Brian Kahn, regulatory concerns, and questionable audit practices. The report details B. Riley's financial exposure to Kahn, including $201 million in potentially double-pledged loans, and recent developments like the departure of their audit engagement partner at Marcum. Additionally, Marcum has hired outside counsel for regulatory matters related to B. Riley.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:32 pm

Shares of several tech companies are down due to rising Treasury yields, triggered by a higher-than-expected U.S. January inflation data increase.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 8:32 pm

Big Lots, Inc. shares plummeted by 31.3% after reporting disappointing preliminary Q4 results and a downgrade by Loop Capital. Other stocks showed significant movement, with notable gainers including Millennium Group International Holdings Limited, Beamr Imaging Ltd., and DIH Holdings US, Inc. Losers included AN2 Therapeutics, Inc., AirTouch Communications, Inc., and TOP Financial Group Limited.

Portfolio Pulse from Avi Kapoor

February 12, 2024 | 6:07 pm

In Monday's pre-market trading session, monday.com Ltd. (MNDY) shares fell sharply after reporting Q4 financial results, with adjusted earnings of 65 cents per share on sales of $202.57 million. Other stocks experiencing declines include AN2 Therapeutics, Inc. (ANTX), TELUS International (Cda) Inc. (TIXT), Applied Digital Corporation (APLD), Precigen, Inc. (PGEN), Microvast Holdings, Inc. (MVST), Wynn Resorts, Limited (WYNN), Larimar Therapeutics, Inc. (LRMR), and Manchester United plc (MANU), each for various reasons ranging from disappointing financial results to regulatory updates.

Portfolio Pulse from Avi Kapoor

February 12, 2024 | 1:16 pm

Applied Digital (APLD) has joined an AI Alliance, indicating a strategic move towards integrating artificial intelligence into its operations or offerings. This partnership could potentially enhance the company's technological capabilities and market position.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 1:08 pm

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