New York, Feb 9, 2026, 15:08 EST — Regular session
- Applied Digital shares jumped roughly 9.6% to $38.32 during the afternoon session.
- Shares whipped between $33.48 and $39.33 as trading volume surged.
- All eyes on U.S. payrolls Feb. 11 and CPI inflation data Feb. 13, with traders on alert for the next risk-on or risk-off signal.
Shares of Applied Digital Corp (APLD.O) climbed roughly 9.6% to $38.32 Monday afternoon, as the AI infrastructure name extended its choppy streak. The stock started the session at $34.33, then topped out at $39.33 before easing back.
Applied Digital’s surge is getting attention, with the stock acting as a high-beta stand-in for bets on the computing power behind artificial intelligence. If investors rotate back into tech, shares can swing sharply—up or down.
Technology names pushed U.S. stocks broadly upward, sending the Nasdaq roughly 1% higher on the day. “It seems to be the traditional buy-the-dip by retail investors,” said Oliver Pursche, senior vice president and advisor at Wealthspire Advisors. 1
Applied Digital tacked on 25.5% to close at $34.95 Friday, drawing plenty of attention from momentum players over the weekend. Monday brought even more action, pushing the stock higher again. 2
No fresh updates appeared on the investor-relations page Monday. The last press release, dated Jan. 22, detailed the groundbreaking for Delta Forge 1, a 430-megawatt campus. 3
Applied Digital, based in Dallas, develops and manages data centers and colocation facilities serving AI, cloud, and blockchain demands, Reuters reports. The company operates hosting sites in North Dakota and constructs high-performance computing (HPC) centers tailored for intensive compute tasks. 4
Back on Jan. 7, the company posted quarterly revenue of $126.6 million for the period ending Nov. 30 and disclosed lease obligations as part of its North Dakota expansion—among them, a 400-megawatt deal with CoreWeave. CEO Wes Cummins noted that “inbound demand has increased meaningfully” and mentioned ongoing advanced talks with another investment-grade hyperscaler. 5
Positioning has the potential to amplify moves. As of Jan. 15, roughly 33.6% of Applied Digital’s float was sold short, Yahoo Finance data show—a hefty level that can spark sharp intraday action if the stock picks up momentum. 6
Still, risks are clear. Running and constructing sprawling data centers eats up capital, and schedules don’t always hold. Should lease agreements or key build-out targets push past what investors have priced in, the stock could lose steam fast.
Eyes are on the macro calendar for signals on rates, with January jobs figures set for Feb. 11 and the consumer price index dropping Feb. 13. That’s per the U.S. Labor Department’s posted schedule. 7
