Why Did Applied Digital Stock Skyrocket 34.5% This Week?
Key Points Microsoft has inked a $17.4 billion, five-year infrastructure deal with the AI computing company Nebius. This gave investors confidence that demand for AI data centers remains strong. 10 stocks we like better than Applied Digital › Shares of Applied Digital (NASDAQ: APLD) flew higher this week, finishing up 34.5%. The spike came as the S&P 500 and the Nasdaq-100 were up 1.6% and 1.9%, respectively. The artificial intelligence (AI) data center company saw its shares jump this week after a ...