Applied Digital beats quarterly revenue estimates on surging AI infrastructure demand
Applied Digital beat Wall Street estimates for fourth-quarter revenue on Monday, riding on robust demand for its data centers from an expanding roster of AI clients.
Shares of the company, which counts CoreWeave as a client, rose 5.4% in extended trading. They have risen 7.6% this year, as of Monday’s close.
Applied Digital designs, builds and operates data centers and provides colocation services for artificial intelligence, networking and blockchain workloads.
