The demand for AI data centers is driving growth for Applied Digital. SoundHound AI is boosting productivity for clients, with strong revenue backlog. Wall Street projections indicate S&P 500 growth due to AI infrastructure spending. Applied Digital’s revenue surged 250%, exceeding estimates, with $127 million in revenue. The company has $11 billion in lease revenue pipeline and is in talks with new hyperscalers. Applied Digital expects accelerated lease revenue growth in the future. SoundHound AI shares have jumped 11% in 2026. The company operates in a fast-growing market with healthy adoption across industries. Its revenue doubled to $172.5 million, and analysts expect continued growth. SoundHound has a bookings backlog of $1.2 billion, exceeding expectations. Analysts predict a 32% jump in stock price for SoundHound.

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