APLD Surges 6.7% on $370M Volume to 290th Rank as AI Partnership Drives Rally

Applied Digital (NASDAQ: APLD) surged 6.70% on August 12, 2025, with a trading volume of $370 million—36.7% higher than the previous day—ranking it 290th in market activity. The rally followed a non-GAAP net loss of $0.03 per share, an 81% improvement over expectations, and an expanded $11 billion AI infrastructure partnership with CoreWeave. The deal, which increased contracted capacity by 150 megawatts, added $4 billion in projected revenue, reinforcing bullish sentiment ahead of Q2 earnings.

Despite the earnings beat and strategic expansion, the stock faced resistance at the $15 level. Insider activity, including director Richard N. Nottenburg’s sale of 11,250 shares for $159,975, contributed to a slowdown in momentum. Buyers tested the resistance twice but failed to sustain a break-through, retreating to $13.66 before staging a 7% recovery. The technical standoff highlights the critical role of $15 as a near-term threshold for further upside.

The strategy of selecting top 500 stocks by daily volume and holding them for one day yielded $2,340 in profit from 2022 to the present. However, the approach faced a maximum drawdown of -15.3% on October 27, 2022, underscoring the volatility inherent in volume-driven strategies. Performance remains contingent on new catalysts, such as expanded AI contracts or operational updates, to validate the current momentum.