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 MoreUS stock market rallies as Dow jumps 550 points, S&P 500 tops 6,000, Nasdaq surges and Tesla leads tech comeback after strong jobs report
US stock market surges as Dow rallies 500 points on strong jobs report as S&P 500 retakes 6,000 in tech-powered comeback- The Dow rallies 500 points today after a stronger-than-expected May jobs report reassured traders that the U.S. economy is still chugging along even as tariff talks and interest-rate worries linger.
Read MoreThe Burst
Got $7,000? 2 Stocks Popping This Year
Amid a shaky market in 2022, Veru (VERU) and Chevron (CVX) are two stocks that have popped, but is it too late to add them to your portfolio?
Veru
Veru is one of the few hot stocks this year that has beaten the market by quite a margin.
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Read MoreThe Ivy
Market Commentary: 53.4% of Money Manager’s Portfolio In Just 7 Stocks
Recently, I stumbled across a little-known New York investment manager, called Wall Street Access Asset Management. What intrigued me about their portfolio is that it holds about 25 positions, however 53.4% of the portfolio is concentrated in just the top 7 holdings.
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