Applied Digital Corporation (APLD) Stock Rebounds as Revenue Soars 407% and AI Data Center Expansion Accelerates

TLDR Applied Digital revenue jumped 407% as AI infrastructure business expanded rapidly. APLD secured three long-term hyperscaler leases worth about $20 billion. Contracted AI data center capacity reached 1.4 GW across five campuses. The company raised billions through notes and expanded its credit facility. APLD shares rebounded overnight after reporting strong operational progress. Applied Digital [...]

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