Stock Market Today, Jan. 9: Applied Digital Jumps as Investors Reprice AI Infrastructure Growth

Applied Digital (NASDAQ:APLD), a next-generation AI data center operator, closed Friday’s session at $37.68, up 17.97%. Applied Digital IPO'd in 2022 and has grown 677% since going public. Trading volume reached 85.5 million shares, coming in about 165% above versus its three-month average of 32.2 million shares.Friday’s action reflected investors responding to Applied Digital’s fiscal Q2 AI-driven revenue surge, ongoing hyperscaler lease discussions, and fresh analyst upgrades. The S&P 500 (SNPINDEX: ^GSPC) added 0.64% to close at 6,966, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) rose 0.81% to finish at 23,671. Within Internet Services and Infrastructure, industry peers Equinix (NASDAQ:EQIX) and Digital Realty Trust (NYSE:DLR) gained 2.36% and 3.67%, respectively, as investors weighed expanding AI infrastructure partnerships and record AI-related bookings.Applied Digital shares surged nearly 18% as investors focused on accelerating AI-driven revenue and improving contract visibility. A roughly 250% year-over-year increase in Q2 revenue marks a clear transition from speculative buildout to active deployment of AI infrastructure.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool