Applied Digital Stock Surges 38% in May but Faces Decline in June
In May, Applied Digital (APLD) surged by 38%, outperforming the S&P 500 and Nasdaq Composite. The rise was driven by AI sector momentum and company-specific news including a $300 million funding facility for its third data center and separation of its cloud business. Despite June's pullback, APLD is up about 66% year-to-date.
Tickers: $APLD
Topics: AI Data Centers Funding Announcements Stock Performance