From Nasdaq: 2025-02-14 14:48:24

Applied Digital (NASDAQ: APLD) stock surged by 12.7% in Friday’s trading, reaching a high of 17.3% earlier. Nvidia’s (NASDAQ: NVDA) SEC disclosure revealed it still holds 7.7 million shares. Applied Digital secured $375 million for its North Dakota data center. Revenue grew by 51% year over year, with support from Nvidia indicating future success.

Nvidia’s maintained stake in Applied Digital signals confidence in the company’s potential. Applied Digital’s recent financial performance exceeded Wall Street expectations, with a non-GAAP loss per share of $0.06 and revenue of $63.87 million. Nvidia’s investment suggests positive future prospects for Applied Digital, especially in AI computation services.

Investors are urged not to miss the opportunity for potentially lucrative investments. The Motley Fool is recommending “Double Down” stock picks based on historical returns, such as $1,000 invested in Nvidia in 2009 yielding $350,809. Three new “Double Down” alerts have been issued for promising companies, offering a unique chance for growth and profitability.



Read more at Nasdaq: Why Applied Digital Stock Is Skyrocketing Today