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Stock impact report

Applied Digital (APLD) Stock Trades Up, Here Is Why [Yahoo! Finance]

MACQUARIE GROUP LTD S/ADR (MQBKY) 
NASDAQ:AMEX Investor Relations: macquarie.com/us/about/investors
Company Research Source: Yahoo! Finance
secured $100 million in financing to fund the development costs for new data center projects. The loan facility was established with Macquarie Group to support the initial planning, permitting, and early construction of several new data center campuses. These new sites were being built for an unnamed "investment-grade hyperscaler," a term for a large cloud services company. The funds provided the company with capital to advance its high-quality sites. Applied Digital's stock also appeared to benefit from a broader rally in cloud infrastructure stocks, which were recovering from a recent sell-off. The shares closed the day at $27.74, up 15.6% from previous close. Is now the time to buy Applied Digital? Access our full analysis report here Applied Digital's shares are extremely volatile and have had 92 moves greater than 5% over the last year. But moves this big are rare even for Applied Digital and indicate this news significantly impacted the market's perception of the busines Show less Read more
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