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Tim Fries

Applied Digital (APLD) Jumps Premarket After Fiscal Q2 2026 Revenue Hits $126.59 Million

Applied Digital shares climbed 6.73% in premarket trading on January 8, 2026, after the company reported fiscal Q2 2026 revenue of $126.59 million, up 98.2% year over year and well above forecasts. The AI data center operator also posted stronger-than-expected earnings and highlighted major hyperscaler lease deals in North Dakota, alongside a planned spin-off of its Cloud business into ChronoScale.