What positive market sentiment is with apld stock, I thought they missed earnings

**Positive Market Sentiment Despite Earnings Miss**: Despite Applied Digital Corporation (APLD) missing earnings, the stock still exhibits positive market sentiment, as indicated by several factors: 1. **Recent Growth and Potential**: The company has experienced significant growth in recent months, with a 146% rise in stock price over the past three months. This is likely due to the booming industry for digital infrastructure, particularly in AI, blockchain, and cloud computing. 2. **Strategic Moves and Partnerships**: APLD has made strategic moves to strengthen its position in the market. For example, the appointment of industry veteran Gary Smith to enhance security leadership and the securing of a $125 million commitment for the construction of an HPC data center in Ellendale. 3. **Financial Improvements**: Although APLD missed earnings, there have been improvements in revenue growth and expansion of data center capacity, which could bode well for future earnings. 4. **Analyst Confidence**: Analysts have been bullish on APLD, with a recent price target increase from $8 to $11 and a strong buy rating, indicating confidence in the company's potential. Despite the earnings miss, these factors contribute to a positive market sentiment for APLD, which could lead to investor optimism and potential for a gap up in the stock price.