{"id":292392,"date":"2025-10-10T16:37:12","date_gmt":"2025-10-10T16:37:12","guid":{"rendered":"https:\/\/www.europesays.com\/us\/292392\/"},"modified":"2025-10-10T16:37:12","modified_gmt":"2025-10-10T16:37:12","slug":"applied-digital-shares-rally-after-upbeat-quarterly-revenue-on-ai-demand","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/292392\/","title":{"rendered":"Applied Digital shares rally after upbeat quarterly revenue on AI demand"},"content":{"rendered":"\n<p class=\"yf-1090901\">(Reuters) -Applied Digital&#8217;s (<a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/APLD\" data-ylk=\"slk:APLD;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">APLD<\/a>) shares surged 26% on Friday after the data center service provider topped analysts&#8217; estimates for first-quarter revenue, bolstered by rising adoption of <a href=\"https:\/\/tech.yahoo.com\/ai\/\" data-ylk=\"slk:artificial intelligence;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">artificial intelligence<\/a> applications.<\/p>\n<p class=\"yf-1090901\">Growing demand for AI services such as ChatGPT has triggered the need for robust data center infrastructure that can support intensive computing workloads.<\/p>\n<p class=\"yf-1090901\">The company is set to add over $2 billion to its market value of $7.89 billion, if Friday&#8217;s gains hold.<\/p>\n<p class=\"yf-1090901\">Applied Digital&#8217;s stock was the top trending ticker on retail investor forum Stocktwits on Friday.<\/p>\n<p class=\"yf-1090901\">All nine brokerages that cover Applied Digital rate the stock &#8220;buy&#8221; or higher, with a median price target of $40, according to data compiled by LSEG.<\/p>\n<p class=\"yf-1090901\">Late Thursday, the company reported an 84% rise in revenue to $64.2 million for the quarter ended August 31, compared with analysts&#8217; average estimate of $50 million.<\/p>\n<p class=\"yf-1090901\">Applied Digital had finalized a new lease agreement with CoreWeave in August for an additional 150MW in North Dakota.<\/p>\n<p class=\"yf-1090901\">(Reporting by Jaspreet Singh in Bengaluru; Editing by Leroy Leo)<\/p>\n","protected":false},"excerpt":{"rendered":"(Reuters) -Applied Digital&#8217;s (APLD) shares surged 26% on Friday after the data center service provider topped analysts&#8217; estimates&hellip;\n","protected":false},"author":3,"featured_media":292393,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[691,135742,738,5880,158,67,132,68],"class_list":{"0":"post-292392","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-applied-digital","10":"tag-artificial-intelligence","11":"tag-data-center","12":"tag-technology","13":"tag-united-states","14":"tag-unitedstates","15":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115350853675715582","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/292392","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=292392"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/292392\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/292393"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=292392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=292392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=292392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}