Applied Digital Shares Rise 23% Year to Date: To Buy or Not to Buy?
Applied Digital (APLD) ZACKS·2024-10-30 02:05
Applied Digital Corporation (APLD) shares have appreciated 22.7% year to date, outperforming the broader Finance sector's return of 18.4% and the Zacks Financial Miscellaneous Services industry's appreciation of 9.8%. This designer, builder, and operator of next-generation digital infrastructure designed for high-performance computing applications, cloud services, and data center hosting has been benefiting from strong top-line growth. In first-quarter fiscal 2025, revenues jumped 67% year over year to $60. ...