10 Tech News Updates Investors Should Not Miss

6. Applied Digital Corporation (NASDAQ:APLD)

Number of Hedge Fund Holders: 42

Applied Digital (NASDAQ:APLD) designs, develops and operates next-generation digital infrastructure across North America for high performance computing and artificial intelligence. On March 5, the company’s stock logged a day of strong gains with shares surging 11.1% at the close. The surge in stock price was a reaction to news about Microsoft and Meta Platform’s decision to push forward in agentic AI solutions. Both Microsoft and Meta are looking to increase their investment in agentic AI space which will increase demand in data center services, which as a consequence, resonates with Applied Digital Corporation (NASDAQ:APLD).