Applied Digital Corp (APLD) stock is soaring in pre-market trading on Friday, with shares jumping by an impressive 17.38%. This significant uptick has caught the attention of investors and market watchers alike.
The surge in Applied Digital's stock price appears to be part of a broader rally among Nvidia concept stocks. Nvidia, a leading manufacturer of graphics processing units (GPUs) and chip technologies, has been at the forefront of the artificial intelligence boom, and companies associated with Nvidia's ecosystem are seeing increased investor interest.
Applied Digital is not alone in this upward trend. Other Nvidia concept stocks are also experiencing notable gains, with CoreWeave and RXRX both up more than 8% in early trading. This collective rise underscores the growing enthusiasm for companies positioned to benefit from the expanding AI and high-performance computing markets.
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