Why Applied Digital Stock Is Surging Today
Following some big sell-offs earlier in the week, Applied Digital (NASDAQ: APLD) stock is enjoying some rebound momentum in Friday's trading. The company's share price was up 7.2% as of 2:25 p.m. ET amid some recovery trading for the broader market. At the same point in the session, the S 500 was up 0.1%, and the Nasdaq Composite was up 0.2%.
Artificial intelligence (AI) stocks are broadly moving higher in Friday's trading despite ongoing macroeconomic fears and the spotlighting of geopolitical risk factors. The swing to gains comes after tech stocks once again opened deeply in the red this morning.
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Source Fool.com
