Applied Digital shares surge 21.78% intraday as crypto mining sector strengthens premarket.

Applied Digital surged 21.78% intraday, driven by a strong performance in the crypto mining sector on February 6 premarket trading, with the stock initially surging over 6% and currently up 5.94%. The company specializes in designing, developing, and operating next-generation digital infrastructure in North America, offering high-performance computing and AI cloud services.