Why Applied Digital Stock Jumped 8.6% Today [Yahoo! Finance]
MACQUARIE GROUP LTD S/ADR (MQBKY)
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Source: Yahoo! Finance
Thursday's softer-than-expected inflation reading boosted shares, as potential Federal Reserve rate cuts could reduce the company's borrowing costs. 10 stocks we like better than Applied Digital › Shares of Applied Digital (NASDAQ: APLD) jumped on Thursday, finishing the day up 8.6%. The spike came as the S&P 500 and the Nasdaq Composite finished up 0.7% and 1.3%, respectively. The artificial intelligence (AI) data center company announced today that it secured $100 million in financing to "fund the pre-lease development costs for new data center projects." In a press release on Thursday, the company said that it has entered into a loan facility with its previous financing partner, Macquarie Group, to fund the initial planning, permitting, and early construction of several new data center campuses it is building for an as-yet-unnamed "investment-grade hyperscaler." Shares were also lifted by today's inflation report, revealing that prices in November rose less than anticipa
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