Applied Digital Corp is a technology company that specializes in providing innovative solutions in the fields of cloud computing and digital infrastructure
The company focuses on delivering high-performance, scalable, and secure solutions for businesses, enabling them to leverage advanced technologies for their operations. With a commitment to fostering the growth of digital transformation, Applied Digital Corp offers a range of services, including data center management and support, which cater to the needs of various industries. Their mission is to empower organizations with the tools and resources necessary to thrive in a rapidly evolving digital landscape.
In a recent poll, 39% of retail investors on Stocktwits said that investments from Nvidia and other key players are the most important drivers of Applied’s growth.
With strong backing from Nvidia and a $5B Ellendale deal, Applied Digital is attracting retail investor optimism about its AI and hyperscaler-focused expansion.
Applied Digital’s revenue grew 51% year-over-year, driven by the continued growth of its cloud services business due to the deployment of additional GPU clusters.
Applied Digital Corp (NASDAQAPLD) shares are trading lower Wednesday on the heels of the company's second-quarter financial results. Here's a look at what you need to know.
Applied Digital secured a $5 billion financing deal with Macquarie Asset Management to support its HPC business, including up to $900 million for the 400 MW expansion of its Ellendale HPC Campus.
Applied Digital shares are trading higher Tuesday after the company secured a significant $5 billion financing agreement with Macquarie Asset Management to fund the growth of its high-performance computing (HPC) data centers.
