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Why Applied Digital Stock Jumped Today

TheMotleyFool

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Shares of Applied Digital Corporation (NASDAQ: APLD) were soaring higher this morning after the U.S. said it had reached a two-week ceasefire agreement with Iran. The news sparked a broader market rebound, and many tech stocks rose sharply as investors hoped the sector would avoid a prolonged slowdown.

Applied Digital stock was up by 12.3% of 12:08 p.m. ET.

Image source: Getty Images.

Source Fool.com

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