Stock Track | Applied Digital Soars 5.21% After-Hours as Q2 Revenue Triples to $126.6M

Stock Track

Jan 08

Applied Digital Corporation (NASDAQ: APLD) surged 5.21% in after-hours trading on Wednesday, following the release of its fiscal second-quarter 2026 results. The company reported revenue of $126.6 million, a 2.5x year-over-year increase, driven by its AI-focused data centers and partnerships like CoreWeave.

Key growth catalysts include the expansion of its Polaris Forge 1 campus and a $11 billion lease agreement with CoreWeave. Analysts remain bullish, with Arete Research initiating coverage at "Buy" and a $99 price target, citing the company's strategic focus on AI infrastructure.

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Analysts remain bullish, with Arete Research initiating coverage at \"Buy\" and a $99 price target, citing the company's strategic focus on AI infrastructure.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"APLD","symbol_name":"APPLIED DIGITAL CORP","start_time":0,"source_url":"","article_id":"1105284275","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1105284275","pubTimestamp":1767822624,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Applied Digital Corporation (NASDAQ: APLD) surged 5.21% in after-hours trading on Wednesday, following the release of its fiscal second-quarter 2026 results. 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