Applied Digital Soars: Riding the AI Wave

Applied Digital stock surged 10% following Microsoft's $17.4 billion AI deal with Nebius Group, highlighting investor excitement for companies supporting AI growth. Despite past volatility and recent economic concerns over a cooling job market, Applied Digital, already boasting $11 billion in contracted revenue, has seen its stock more than double since January, rewarding early investors handsomely. Hosted on Acast. See acast.com/privacy for more information.