10 Companies That Performed Well Last Week

5. Applied Digital Corp. (NASDAQ:APLD)

Shares of Applied Digital jumped by 16.9 percent week-on-week, ending at $10.65 on Friday versus the $9.11 on February 14 after earning a boost from Nvidia Corp. (NVDA) CEO Jensen Huang’s comments that investors got the wrong conclusion about DeepSeek that shook up US stocks over the past few weeks.

In addition, investor sentiment was boosted by NVDA’s recent regulatory filing which showed that APLD was one of the handful companies that it is directly invested in.

Comments and actions from NVDA, a giant chipmaker that played a pivotal role in the growth of OpenAI’s ChatGPT and whose influence extends beyond semiconductor expertise, have long been on the investors’ radar, with its investments in various technology sectors positioning itself at the forefront of the digital revolution.