Applied Digital stock jumps again premarket as $5 billion hyperscaler lease talk keeps AI trade in play
NEW YORK, Jan 9, 2026, 06:29 EST — Premarket Applied Digital (APLD) shares climbed about 8% in premarket trading on Friday, extending gains after the data center operator posted sharply higher quarterly revenue and fresh details on long-term leasing tied to artificial intelligence demand. The stock was up $2.37 at $31.94. The move lands as investors keep rotating in and out of “picks-and-shovels” AI plays — the firms that supply the electricity, racks and buildings behind the models. Applied Digital’s revenue beat Wall Street estimates as demand grows for large-scale sites that can handle AI workloads, Reuters reported. (reuters.com) In