Why Applied Digital Stock Is Jumping Today
Applied Digital (NASDAQ: APLD) stock is climbing Tuesday despite volatile swings for the broader market. The data center company's share price was up 3.9% as of 3 p.m. ET. The stock had been up as much as 14.9% earlier in the day's trading.
Applied Digital stock is getting a valuation boost today after receiving bullish analyst coverage. Lucid Capital initiated coverage on Applied Digital stock with a buy rating, and investors are responding by bidding up the artificial intelligence (AI) specialist's share price.
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Source Fool.com
