Applied Digital stock: APLD jumps after-hours on revenue beat, $5B AI lease and fresh funding
Applied Digital shares jumped about 7% after hours as Q2 revenue reached $126.6 million, beating analyst estimates. The company booked $85 million from its high-performance computing unit, mostly from customer fit-out work and early lease revenue. Applied Digital ended the quarter with $2.3 billion in cash and $2.6 billion in debt. Investors are watching the pace at which long-term leases convert to recurring rent.