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Applied Digital's earnings report exceeded expectations, revenue doubled, and demand for AI data centers remains strong
【Crypto World】Applied Digital stock showed an impressive performance in the pre-market today, soaring to $31.55 with a gain of 6.73%. The driving force behind this surge comes from an outstanding earnings report—Q2 FY2026 revenue of $126.59 million, a year-over-year increase of 98.2%, doubling in size. This explosive growth is mainly driven by the booming demand for AI data centers. Especially, they have secured a contract with a large-scale data center operator in North Dakota, laying the foundation for future business expansion. Even more interesting, the company is also in intensive negotiations with another investment-grade mega-scale operator for expansion, and the market generally expects strong growth potential ahead. From performance to partnerships, everything is trending upward, which explains why investors are so enthusiastic.