Why Applied Digital Stock Jumped 15.1% This Week

Applied Digital (NASDAQ: APLD) continues to run, as the share price surged 15.1% this week as of Friday at 12:50 p.m. ET, according to data provided by S&P Global Market Intelligence. The stock had been up as much as 20.5% during the week. As of Friday at 12:50 p.m. ET, Applied Digital was trading at about $9.20 per share, up some 397% year to date.

Overall, the markets were trending higher, as the S 500 gained 3%, the Dow Jones Industrial Average climbed 1.6%, and the Nasdaq Composite surged 3.8% this week as of Friday at 12:50 p.m. ET.

Applied Digital is a company that develops and operates data centers that provide high-performance computing services for its customers.

Source Fool.com