NasdaqGS:APLDIT
Applied Digital (APLD) Reports US$233M Net Loss Despite Revenue Growth
Applied Digital (APLD) reported strong quarterly sales growth to USD 38 million, yet still recorded a net loss of USD 53 million, albeit improved from the previous year. Concurrently, the company's stock price surged 89% in the last quarter—a remarkable rise coinciding with major partnerships cemented with BASX and ABB for energy-efficient AI infrastructure innovations, and a significant leasing deal with CoreWeave potentially worth USD 7 billion. These developments bolstered investor...