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.
These 9 mid-cap stocks were top performers last week. Pony AI, Celsius Holdings, WeRide, Applied Digital, Solaris Energy, Vicor, GDS Holdings, VNET Group, and Goodyear Tire all saw significant gains.
In addition to the funding and Robinhood’s stake in Applied Digital, retail traders on Stocktwits celebrated that Nvidia’s had maintained its investments in the company.
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.
