New York, Feb 9, 2026, 15:08 EST — Regular session
- Applied Digital surged about 9.6% to $38.32 in the afternoon session.
- Trading volume spiked, sending shares swinging anywhere from $33.48 up to $39.33.
- Traders are watching U.S. payrolls data set for Feb. 11 and CPI inflation figures due Feb. 13, scanning for the next cue to tilt risk appetite one way or the other.
Applied Digital Corp (APLD.O) was up about 9.6% to $38.32 Monday afternoon, pushing higher as the AI infrastructure stock kept up its volatile run. Shares kicked off at $34.33, surged to $39.33, then gave back some of those gains.
Applied Digital’s jump is drawing notice, serving up a high-beta proxy for those wagering on the backbone of artificial intelligence. Should the tech trade heat up again, expect the shares to move fast—either direction.
U.S. stocks edged up, led by gains in technology shares that lifted the Nasdaq about 1% for 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. Reuters
Applied Digital surged 25.5% to finish at $34.95 on Friday, catching the eye of momentum traders as the weekend kicked off. The rally didn’t quit—Monday’s session saw shares climbing further.
Monday brought nothing new to the investor-relations page. The most recent press release there is from Jan. 22, announcing the start of construction on Delta Forge 1, a 430-megawatt facility.
Dallas-headquartered Applied Digital builds and runs data centers and colocation sites for AI, cloud computing, and blockchain needs, according to Reuters. The firm runs hosting operations in North Dakota and is putting up HPC centers designed for heavy-duty computing jobs.
On Jan. 7, Applied Digital reported quarterly revenue of $126.6 million for the period ending Nov. 30, while also revealing new lease commitments tied to its North Dakota growth. Among these: a 400-megawatt arrangement with CoreWeave. CEO Wes Cummins pointed to a “meaningful” jump in inbound demand and said the company is in advanced negotiations with another investment-grade hyperscaler. Applied Digital Corporation
Positioning could fuel bigger swings. About 33.6% of Applied Digital’s float was shorted as of Jan. 15, according to Yahoo Finance—a sizable chunk that leaves room for sudden jumps if momentum builds.
Risks remain hard to ignore. Building and operating massive data centers soaks up cash, and timelines can slip. If lease deals or major build-outs land later than investors expect, the stock’s momentum could evaporate quickly.
Traders are watching for macro data, with January jobs numbers due Feb. 11 and CPI following on Feb. 13, according to the U.S. Labor Department’s calendar.
