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Applied Digital (NASDAQ: APLD) stock is posting big gains in Tuesday's trading. The company's share price was up 9.4% as of 11:30 a.m. ET and had been up as much as 25.1% earlier in the day's trading.
Applied Digital is the latest AI stock grabbing attention on Wall Street after it raised $160 million on Thursday from high profile backers including chip titan Nvidia. Shares of the data center ...
It might not be a big deal for Nvidia stock investors, but it sure is for Applied Digital shareholders. ... *Stock prices used were the afternoon prices of Sept. 6, 2024. The video was published ...
The company's stock closed nearly 10% higher on Tuesday after Australia's Macquarie announced it would invest up to $5 billion in Applied Digital's AI data centers and take a 15% stake in the ...
Dallas, Texas-based Applied Digital also has the right of first refusal to invest an additional $4.1 billion in future company data centers for 30 months, the company said.
Data source: Applied Materials. Based on its current price, Applied Materials seems ripe for another stock split. However, it's been about 22 years since its last stock split.
Even so, its stock price declined after announcing third-quarter results on Oct. 15. The company's Q3 revenue was $7.5 billion, up 20% from 2023's $6.2 billion, which is excellent growth.
Share prices of the semiconductor equipment supplier did gain 15.5%, but they have underperformed the 31.5% gains clocked by the S&P 500 index over the same period.