From Nasdaq: 2025-03-05 17:25:00

Applied Digital (NASDAQ: APLD) stock surged by 11.1% in trading Wednesday, outperforming the S&P 500 and Nasdaq Composite indexes. This rise was fueled by news of Microsoft and Meta Platform’s aggressive moves in agentic AI solutions. Additionally, favorable tariff adjustments for auto imports from Mexico and Canada also boosted the company’s valuation.

Microsoft and Meta Platform’s expansion into agentic AI services signals a growing demand for data center solutions, benefiting Applied Digital. While the impact on sales is uncertain, these moves indicate a positive trend for data center services. Moreover, a recent tariff policy change exempting certain auto imports from new taxes further contributed to the stock’s rise.

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Read more at Nasdaq: Why Applied Digital Stock Soared Today