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Key Facts about Applied Digital (NASDAQ: APLD)
Applied Digital held its initial public offering (IPO) in April 2022 at a price of $4.85 per share. As of now, the company’s stock has increased by approximately 205%, bringing the value of an initial investment of 100 shares to around $1,480.
The pivot from cryptocurrency mining to artificial intelligence data centers has been a significant driver for the company, particularly with recent news of support from CoreWeave expanding its data center licensing through Applied Digital. The company’s share price has seen fluctuations but has posted a remarkable 282% increase in the past year.
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