Should You Chase the Rally in Applied Digital Stock Today?

Applied Digital (APLD) shares soared on Jan. 8 after the artificial intelligence (AI) infrastructures company said its revenue more than tripled to about 127millioninthesecondquarter.Ontheearningscall,theNasdaqlistedfirmreiterateditsrecentlysecured127 million in the second quarter. On the earnings call, the Nasdaq-listed firm reiterated its recently secured 5 billion hyperscaler lease, reinforcing its position as a major provider of large-scale data center capacity. More News from Barchart Including today’s gains, Applied Digital stock is trading at about 9x its price last April. www.barchar ...

Should You Chase the Rally in Applied Digital Stock Today? - Reportify