Why Applied Digital (APLD) Stock Is Trading Up Today
Shares of digital infrastructure provider Applied Digital (NASDAQ:APLD) jumped 51% in the afternoon session after it signed two long-term lease agreements for artificial intelligence data centers with Nvidia-backed AI hyperscaler CoreWeave. APLD is expected to deliver 250 megawatts (MW) of power for CoreWeave’s AI and high-performance computing (HPC) infrastructure at its North Dakota data center campus.
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Read MorePrediction: Nvidia Will Beat the Market. Here's Why
The world’s leading GPU maker is still a solid investment.
Nvidia (NVDA 1.69%), the world’s largest producer of discrete graphics processing units (GPUs), saw its stock surge 25,250% over the past 10 years as the S&P 500 advanced less than 180%.
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Read MoreThe Magnificent Seven Stocks Staged a Blistering May Rally. What's Next?
Key Takeaways
- The Magnificent Seven gained more than 13% last month, making the group of big tech stocks one of the best-performing corners of financial markets in May.
- The group is still trading in the red for the year, but stocks could get a boost from Apple’s Worldwide Developers Conference and Tesla’s scheduled robotaxi rollout this month.
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Read MoreAsian stocks start cautious, dollar holds drop
Asian shares were off to a tepid start at the open Tuesday after a rebound in big tech drove US stocks higher.
A regional stock index swung between small gains and losses while equity-index futures for the US dipped 0.2%. Bonds were steady in early Asian trading and the dollar was little changed after hitting its lowest since 2023 in the last session.
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Read MoreAmazon to invest $10B in North Carolina for AI data centers
Arm CEO Rene Haas discusses Big Tech pledging billions for AI on ‘The Claman Countdown.’
Amazon is investing $10 billion to create data centers in North Carolina aimed at expanding its artificial intelligence and cloud computing technology capabilities.
The move,
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Read MoreThe Burst
Will Teladoc Stock Soar or Crash?
After hitting a high of $292.51 per share in February 2021, Teladoc (TDOC) shares plummeted by over $250 per share. This year alone the price of TDOC shares has plunged by over 67%.
Still, there’s plenty to like and the bull case has merit.
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Read MoreThe Ivy
Market Commentary: How To 2x Your Money Even If You Miss The Move
It really sucks missing a big move, but it’s happened us all. The question is how do you profit from it after the fact, when it seems like the ship has already sailed. Below, I’ll show you a way that has the potential to 2x your money over time, even if you think you have missed out.
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