AI kingpin Nvidia disclosed an investment in Applied Digital, a digital infrastructure solutions provider. Nvidia stock dipped while APLD stock rose.
Nvidia's purchase of 7.72 million shares of Applied Digital boosted the company's revenue and earnings. Applied Digital plans to expand its data centers and AI cloud infrastructure.
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Shares in Applied Materials (AMAT) sank after the semiconductor-equipment company issued a lower-than-expected sales outlook, citing weaker demand trends in China. The stock recently traded about 7.2% ...
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Applied Materials beat estimates, but revenue guidance disappointed. Headwinds in China are pressuring the business. The long-term outlook still seems positive. Applied Materials, which makes a wide ...