Why Applied Digital Stock Jumped Today
Applied Digital (NASDAQ: APLD) stock gained ground during Tuesday's trading. The data-center company's share price ended the daily session up 4.1%, according to data from S&P Global Market Intelligence.
Applied Digital status published a press release this morning announcing that it had been designated as an "elite partner" by Nvidia (NASDAQ: NVDA). While Applied Digital still ended the day with significant gains, investors were initially much more bullish about the news.
Applied Digital is a provider of data-center services and uses Nvidia's hardware. The company is now included as an elite partner in the Nvidia Partner Network (NPN) -- a designation that signifies that it's delivering high levels of performance. Through the NPN, Nvidia customers can find other partners that are using the semiconductor leader's products and services, and find ideal collaboration and business opportunities.
Source Fool.com
