Nvidia Stake Sends This AI Stock Higher Thursday

Investopedia11-15

Key Takeaways Shares of Applied Digital surged in extended trading Thursday after Nvidia reported a stake in the company.Nvidia held a roughly 3% stake in Applied Digital as of Sept. 30, according to ...

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Stock Higher Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-15 07:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investopedia.com/nvidia-stake-sends-this-ai-stock-higher-thursday-8745787><strong>Investopedia</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key Takeaways\nShares of Applied Digital surged in extended trading Thursday after Nvidia reported a stake in the company.Nvidia held a roughly 3% stake in Applied Digital as of Sept. 30, according to ...</p>\n\n<a href=\"https://www.investopedia.com/nvidia-stake-sends-this-ai-stock-higher-thursday-8745787\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NVDS.UK","symbol_name":"LS -1X 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Digital  surged over 4% in extended trading Thursday after Nvidia  reported a stake in the company.The world’s largest company by market capitalization held roughly 7.7 million Applied Digital shares as of Sept. 30, or a roughly 3% stake, according to a Securities and Exchange Commission filing Thursday.In its fiscal first quarter ended Aug. 31, the company saw revenue growth of 67% year-over-year and said it had secured a $160 million investment from institutional and accredited investors.Nvidia is scheduled to report its third-quarter results after the bell on Wednesday, Nov. 20.D","collect":0,"end_time":0,"defaultTopTitle":"investopedia.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NVDS.UK":"LS -1X NVIDIA","LU2092937148.SGD":"Blackrock ESG Multi-Asset A8 SGD-H","IE00B775H168.HKD":"JANUS HENDERSON BALANCED \"A5M\" (HKD) INC","NVDY":"YIELDMAX NVDA OPTION INCOME STRATEGY ETF","LU2092627202.USD":"Blackrock ESG Multi-Asset A8 USD-H","NVDX":"T-REX 2X LONG NVIDIA 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high-performance computing and artificial intelligence applications.\n Shares of Applied Digital (APLD) surged over 4% in extended trading Thursday after Nvidia (NVDA) reported a stake in the company.\n\n\n The world’s largest company by market capitalization held roughly 7.7 million Applied Digital shares as of Sept. 30, or a roughly 3% stake, according to a Securities and Exchange Commission filing Thursday.\n\n\n Applied Digital is a U.S.-based provider of advanced digital infrastructure, designed to support high-performance computing and artificial intelligence applications.\n\n\n In its fiscal first quarter ended Aug. 31, the company saw revenue growth of 67% year-over-year and said it had secured a $160 million investment from institutional and accredited investors.\n\n\n Nvidia is scheduled to report its third-quarter results after the bell on Wednesday, Nov. 20.\n\nDo you have a news tip for Investopedia reporters? 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