NasdaqGS:APLDIT
Applied Digital (APLD) Is Up 10.9% After Deepening AI Data Center Shift With CoreWeave Leases
In its third-quarter and nine-month results to February 28, 2026, Applied Digital reported revenue rising to US$126.64 million and US$352.56 million respectively, while net losses widened in the quarter to US$100.86 million but narrowed over nine months to US$138.55 million, with lower basic loss per share over the longer period.
Alongside these earnings, Applied Digital’s deepening AI data center focus and expanded CoreWeave leasing arrangements highlight its shift away from crypto exposure...