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Top related persons:
Jaspreet Singh - 2 Shailesh - 1 Wes Cummins - 1 Shilpi Majumdar - 1 Riley - 1 Carl Icahn's - 1 Pritam Biswas - 1 Maju Samuel - 1
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Bengaluru Dallas , Texas America
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Thomson - 3 Applied Digital - 2 West Pharma - 1 Cameco - 1 iShares Biotechnology - 1 Applied Digital Corp - 1 Fast Money - 1 Wolfpack Research - 1

Search resuls for: "Applied Digital"


6 mentions found


☆ Final Trade: West Pharma, Cameco, iShares Biotechnology ETF and Applied Digital Corp
  + stars: | 2024-11-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trade: West Pharma, Cameco, iShares Biotechnology ETF and Applied Digital CorpThe final trades of the day with the Fast Money traders.
Organizations: West Pharma, Cameco, iShares Biotechnology, Applied Digital Corp, Fast Money
☆ Applied Digital beats first-quarter revenue estimates
  + stars: | 2023-10-09 | by ( ) www.reuters.com   time to read: 1 min
Oct 9 (Reuters) - Applied Digital (APLD.O) beat Wall Street estimates for first-quarter revenue on Monday, as rapidly growing generative artificial intelligence (AI) technology boosted demand for the company's data centers. Shares of the company rose 2.5% in premarket trading. The Dallas, Texas-based company reported revenue of $36.3 million for the quarter ended Aug. 31, compared with analysts' average estimate of $33.8 million, according to LSEG data. Reporting by Jaspreet Singh in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
Persons: Jaspreet Singh, Shailesh Organizations: Thomson Locations: Dallas , Texas, Bengaluru
☆ Applied Digital confident on annual revenue as AI drives up data center demand
  + stars: | 2023-07-24 | by ( ) www.reuters.com   time to read: +1 min
July 24 (Reuters) - Applied Digital (APLD.O) forecast annual revenue above market estimates on Monday, as the rise of artificial intelligence drives up demand for its data center services, sending the company's shares 18% higher in early trading. "We will accelerate our focus on non-crypto use cases and leverage capabilities of our next-generation proprietary data center assets for HPC applications," said CEO Wes Cummins. The company expects annual revenue in the range of $385 million to $405 million, compared with analysts' average expectations of $308.8 million, according to Refinitiv data. The company reported revenue of $22 million for the three months to May 31, compared with analysts' average estimate of $26.4 million. Its loss per share was 7 cents, compared with 4 cents a year earlier.
Persons: Wes Cummins, Jaspreet Singh, Shilpi Majumdar Organizations: Applied Digital, Thomson Locations: Bengaluru
☆ Applied Digital shares tumble after Wolfpack Research takes short position
  + stars: | 2023-07-06 | by ( ) www.reuters.com   time to read: +1 min
July 6 (Reuters) - Shares of Applied Digital (APLD.O) slumped on Thursday after Wolfpack Research disclosed a short position in the digital infrastructure company and accused it of "an embarrassing and predictable stock promotion." Insiders at B Riley hold a 48.4% stake in Applied Digital and will exit their position as it becomes clear that the company's claims "make no sense," Wolfpack alleged. The short-seller said Stability AI, Applied Digital's biggest prospective AI customer, was also "dubious." Applied Digital, Stability AI and B Riley did not immediately respond to Reuters' requests seeking comment. Dallas, Texas-based Applied Digital is the latest target in a series of short-seller attacks that have shaken corporate America this year.
Persons: Riley, Carl Icahn's, Pritam Biswas, Maju Samuel Organizations: Applied Digital, Wolfpack Research, Wolfpack, Reuters, Riley, Applied, Hindenburg Research, Icahn Enterprises, Thomson Locations: Dallas , Texas, America, Bengaluru
☆ Nasdaq on pace for best first half in 40 years. These stocks were the biggest winners
  + stars: | 2023-06-27 | by ( Michelle Fox Gina Francolla | Michelle Fox | Gina Francolla | ) www.cnbc.com   time to read: +2 min
The Nasdaq Composite has been on a tear this year and is poised to have its best first half in four decades. If it holds above a 27.31% gain before the week's end, it will be the best first half since 1983, when the Nasdaq added 37.13%. Here are the Nasdaq names that brought in the largest gains so far this year, all with market caps above $500 million. The stock has an average rating of buy, but 6% downside to the average analyst price target, according to FactSet. Applied Digital also has an average rating of buy, but there's about 44% upside to the average analyst price target, per FactSet.
Persons: ImmunoGen Organizations: Nasdaq, Tech, Federal Reserve, StreetAccount
☆ Here's one stock to play the 'almost perfect marriage' between A.I. and crypto, according to Needham
  + stars: | 2023-05-26 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +2 min
While the possibilities are still coming into focus, Needham sees at least one near-term opportunity for investors, and a stock to play it. In the near term, the infrastructure level is the place for investors, and Applied Digital offers an interesting opportunity, according to the firm. "We have been excited about Applied Digital, which is a bitcoin mining hosting provider that recently entered into hosting high performance compute (HPC) and AI," Needham analyst John Todaro told CNBC by email. "Given the similar power density requirements between bitcoin mining and hosting AI applications, we believe there is an attractive opportunity for Applied Digital and potentially other mining hosting providers to enter this space." It's still early days for both crypto and AI individually, although the AI hype may have better longevity from having been around for longer.
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