Stock Track | Applied Digital Corp Soars 5.10% Intraday on Nvidia-Linked Performance

Stock Track12-19

Applied Digital Corp (APLD) saw its stock price surge by 5.10% during the intraday session on Friday, outperforming many of its peers in the tech and crypto sectors.

The rally was driven by APLD's association with Nvidia, as highlighted in recent market reports. Nvidia-linked shares, including APLD, shone in the market, with APLD rising 4% in pre-market trading. This performance is attributed to the broader strength in Nvidia-related stocks, which have been buoyed by positive sentiment around the chipmaker's innovations and market position.

Additionally, APLD benefited from a general uptick in crypto-related stocks, as bitcoin and ether prices rebounded, further fueling investor interest in the sector.

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