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.