Tuesday, 28 July, 2026
Powering the AI Boom: Applied Digital Smashes Expectations as Revenue Soars 400%
By TechShots Studio
Applied Digital crushed Wall Street’s fourth-quarter estimates as revenue jumped to $258.7 million, far surpassing forecasts of $94.8 million. Driven by exploding demand for high-density AI data centers from clients like CoreWeave, the company posted an adjusted profit of $0.04 per share—handily beating expected losses and boosting stock prices in extended trading.
Read full story at CIO ECONOMIC TIMES