Applied Digital, Carvana, and Roblox are trending tickers. Applied Digital's shares are soaring after reporting Q4 revenue that beat estimates and announcing a 150MW lease deal with CoreWeave. Carvana is jumping on a jump in net income and record used-car sales, with earnings and revenue topping analyst expectations. Roblox is surging after beating Q2 estimates on bookings and daily active users, while also raising its full-year bookings outlook.
Applied Digital (NASDAQ: APLD) reported strong fourth-quarter results, with revenue exceeding analysts' expectations and a significant 150MW lease deal with CoreWeave (NASDAQ: CRWV) driving share price gains. The Dallas, Texas-based data center operator reported a Q4 revenue of $38 million, a 41% year-over-year increase, surpassing Wall Street estimates [1].
The company's strategic partnership with CoreWeave, projected to generate approximately $7 billion in revenue over 15 years, is a significant milestone. Applied Digital will deliver 250 megawatts of critical IT load from its Polaris Forge 1 campus in North Dakota, with the first 100 megawatt facility scheduled to be operational by Q4 2025 [2].
Carvana (NYSE: CVNA) also saw its stock rise after reporting a jump in net income and record used-car sales. The company's earnings and revenue topped analyst expectations, with net income increasing by 12% and revenue by 22% year-over-year [3].
Roblox (NYSE: RBLX) surged following Q2 results that beat estimates on bookings and daily active users. The company also raised its full-year bookings outlook, contributing to its stock price increase [4].
These companies' positive Q4 performances reflect the broader trends in their respective industries. Applied Digital's focus on AI and cloud services, Carvana's dominance in the used-car market, and Roblox's growth in the gaming sector have all driven their stock prices higher.
References:
[1] https://theoutpost.ai/news-story/applied-digital-secures-7-billion-ai-data-center-deal-with-core-weave-boosting-q4-revenue-18466/
[2] https://www.benzinga.com/news/25/12/2024/applied-digital-secures-7-billion-ai-data-center-deal-with-core-weave
[3] https://www.cnbc.com/2024/06/30/carvana-earnings-q4-2024.html
[4] https://www.marketwatch.com/press-release/roblox-announces-q2-2024-results-2024-06-30
Comments
No comments yet