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Why Applied Digital Stock Is Jumping Today

TheMotleyFool

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Why Applied Digital Stock Is Jumping Today: https://g.foolcdn.com/editorial/images/827626/gettyimages-1482224658.jpg

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.

Image source: Getty Images.

Source Fool.com

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