Applied Digital is trading 4.7% up at $27.62 after investors continued responding positively to fiscal fourth-quarter results that exceeded expectations.
- Adjusted earnings were $0.04 per share and revenue $258.7 million, versus forecasts for a $0.19 loss and $95.32 million in revenue.
- Revenue growth reflected accelerating AI infrastructure demand; Bitcoin and Ethereum were lower on September 8, so crypto-market weakness does not explain the gain.
- The move appears primarily company-specific, though available coverage is limited. The earnings release was originally reported on July 27.