Shares of Applied Digital (NASDAQ: APLD) are soaring on Thursday, up 6.7% as of 1:10 p.m. ET. The jump comes as the S 500 and the Nasdaq Composite were little changed.

The stock of the artificial intelligence (AI) data center company is getting a boost from comments from 's chief technical officer (CTO) at a conference this week. The CTO, Kevin Scott, made clear that even after all of the data center building in the last few years, there is still a significant gulf left between what companies like his want and what is available.

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Source Fool.com