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

7.01

Mkt cap

1.6B

Volume

22M

High

7.57

P/E Ratio

-5.88

52-wk high

9.48

Low

6.90

Div yield

N/A

52-wk low

2.36

Needham analyst John Todaro has reiterated a Buy rating on Applied Digital (NASDAQ:APLD) and maintained a price target of $11.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 11:21 am

Shares of crypto companies are trading lower as Bitcoin's price declines, potentially influenced by mixed economic data affecting rate cut expectations.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 4:53 pm

Science Applications International Corp (SAIC) reported strong Q2 earnings, with revenue and EPS beating analyst expectations. Eastside Distilling (EAST) surged on a merger announcement, while Applied Digital (APLD) rose on a significant financing agreement. ChargePoint Holdings (CHPT) fell due to disappointing revenue results.

Portfolio Pulse from Avi Kapoor

September 05, 2024 | 6:30 pm

G-III Apparel Group's shares surged 23.6% after reporting better-than-expected Q2 EPS and issuing strong FY25 guidance. Other stocks like Applied Digital, Yext, and NIO also saw significant gains due to positive financial results and strategic developments.

Portfolio Pulse from Avi Kapoor

September 05, 2024 | 5:44 pm

Roth MKM analyst Darren Aftahi has reiterated a Buy rating for Applied Digital (NASDAQ:APLD) with a maintained price target of $10.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 5:02 pm

U.S. stocks fell with the Dow Jones down over 1%. Notable stock movements included Eastside Distilling's 208% rise due to a merger, and Applied Digital's 74% increase following a $160 million financing agreement. U.S. crude oil inventories dropped significantly, impacting oil prices.

Portfolio Pulse from Avi Kapoor

September 05, 2024 | 4:27 pm

Applied Digital Corp. shares surged by 62.7% following a $160 million private placement financing deal. The investment, involving NVIDIA and Related Companies, will fund data-center and AI cloud infrastructure expansion, enhancing Applied Digital's position in AI and HPC sectors.

Portfolio Pulse from Vaishali Prayag

September 05, 2024 | 3:00 pm

U.S. stocks edged higher with the Nasdaq Composite gaining 0.2% as jobless claims fell to 227,000. Eastside Distilling surged 212% on a merger announcement, while Hoth Therapeutics rose 86% on positive treatment data. Applied Digital gained 40% after securing $160 million in financing.

Portfolio Pulse from Avi Kapoor

September 05, 2024 | 1:42 pm

Applied Digital shares rose following a $160 million private placement financing agreement with institutional and accredited investors, including NVIDIA and Related Companies.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 1:03 pm

Nvidia, along with other investors, has participated in a $160 million funding round for Applied Digital, a Nasdaq-listed company focused on data centers and AI cloud services. This investment is expected to support Applied Digital's growth.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:32 pm

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