Applied Blockchain Stock News

Wall Street spiraled into panic mode Monday when Chinese artificial intelligence (AI) company DeepSeek unboxed a chatbot that reportedly matches OpenAI's capabilities, while requiring significantly less computational power. The news triggered a massive sell-off in Nvidia shares, which plunged 17% and erased nearly $600 billion in market value -- the largest single-day loss for any public compan...

Since ChatGPT burst onto the scene in late 2022, the artificial intelligence (AI) revolution has been nothing short of extraordinary. Early movers like Nvidia, Microsoft, and Broadcom have already delivered staggering returns for investors who recognized the potential of AI infrastructure.

The artificial intelligence (AI) revolution promises to reshape the global economy in unprecedented ways. Recent research from McKinsey & Co suggests generative AI could add between $2.6 trillion and $4.4 trillion in annual value across 63 analyzed use cases.

Applied Digital reported Q2 FY25 earnings after market hours yesterday. Going into this, I had a bullish view. But the lack of developments in signing a customer activates a key risk. APLD has been unable to close a customer for its 100MW data center in Ellendale for more than a year now. This reduces my confidence in management's execution ability. I note that Q2 FY25 EBIT profitability is ske...

Applied Digital Corporation (NASDAQ:APLD ) Q2 2025 Results Conference Call January 14, 2025 5:00 PM ET Company Participants Matt Glover - IR, Gateway Group, Inc. Wes Cummins - CEO Saidal Mohmand - CFO Conference Call Participants Nick Giles - B. Riley Securities Rob Brown - Lake Street Capital Darren Aftahi - ROTH Capital Partners Mike Grondahl - Northland Securities George Sutton - Craig-Hallu...

Data center operator Applied Digital on Tuesday posted a smaller-than-expected loss for the second quarter, helped by increased demand for high-performance data center infrastructure and cloud services business.

DALLAS, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for high-performance computing (“HPC”) applications, cloud services (“Cloud Services”), and data center hosting (“Data Center Hosting”), reported financial results for the fiscal second qua...

Applied Digital (APLD) shares jumped in intraday trading Tuesday after it announced that Macquarie Asset Management will invest up to $5 billion in its high-performance computing (HPC) data centers.