Applied Digital jumps after Q2 revenue beats on AI data center demand
ReutersJan 8, 2026 9:34 AM
Shares of data center operator Applied Digital APLD.O up 6.3% at $31.41 premarket after Q2 revenue beat estimates
Co posts Q2 rev of $126.6 mln vs. analysts' est. of $88 mln - data compiled by LSEG
Demand for large-scale AI infrastructure drives growth; company secures $5 bln lease with U.S. hyperscaler for 200 MW at Polaris Forge 2 campus
APLD now has leases with two hyperscalers across North Dakota campuses; CEO touts cool climate and abundant energy as regional advantage
Last month, firm announced spin-off of cloud business to merge with Ekso Bionics EKSO.O, forming AI-focused ChronoScale; Applied to retain 97% ownership
As of last close, APLD stock more than doubled over the past year
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