Applied Digital Corp (APLD) saw its stock price surge by 9.23% during intraday trading on Monday, as part of a broader rally among Nvidia-linked shares. The significant uptick in APLD's stock price reflects the strong performance of companies associated with the tech giant Nvidia.

The rally wasn't limited to Applied Digital alone. Other Nvidia-linked companies also experienced notable gains in Monday's trading session. Nano-X Imaging and Serve Robotics both rose by 5%, while Nebius saw a 4% increase. Additionally, RXRX climbed 2%, and CoreWeave edged up by 1%.

While the specific catalyst for this Nvidia-linked rally remains unclear, the synchronized movement across multiple related stocks suggests a sector-wide trend. Investors appear to be showing increased interest in companies with ties to Nvidia, possibly due to positive sentiment surrounding the tech sector or anticipation of developments in areas like artificial intelligence and high-performance computing where Nvidia is a key player.