Applied Digital Corp (APLD) stock surged 6% in pre-market trading on Wednesday, outpacing earlier estimates, as investors reacted positively to news of a major data center deal involving industry giants BlackRock and Nvidia.
The surge in Applied Digital's stock price comes in the wake of an announcement regarding a $40 billion data center deal led by BlackRock and Nvidia. While specific details about Applied Digital's involvement in the deal were not immediately clear, the market's reaction suggests potential benefits or opportunities for the company in relation to this significant industry development.
This pre-market rally underscores the growing interest in companies associated with data center infrastructure and AI-related technologies. As major players like BlackRock and Nvidia continue to invest heavily in this sector, smaller firms like Applied Digital may stand to benefit from increased demand for their services or potential partnerships in the expanding data center market.
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