Applied Digital Corporation shares rise 1.26% premarket due to generative AI market growth.

Applied Digital Corporation rose 1.26% in premarket trading, with the recent news highlighting the dominance of generative AI in the global chatbot market. The market size is projected to reach USD 15.5 billion by 2028, growing at a CAGR of 23.3% from 2023 to 2028. This growth is driven by the advent of generative models in chatbots, which improve natural language processing capabilities, enabling better understanding and response to human language.