APLD is trading at $47.62 (+4.71%) as AI sector momentum and a Nasdaq rally (+1.03%) drive the stock higher.
- The stock is currently outperforming the crypto market, with BTC up 2.46% and ETH up 2.09% since the previous close.
- Positive sentiment is bolstered by broader tech strength following Cisco's AI-driven earnings beat and Nvidia's chip clearance news.
- Today's surge follows a 3.53% gain on May 13, where the stock closed at $45.48 amid growing AI infrastructure demand.