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Applied Digital Soars 14% on UAE AI Deal!
Friday, Jun 6, 2025 12:46 pm ET1min read
Applied Digital Corporation rose 14.33% in intraday trading, with the company's involvement in a multi-billion dollar deal to build one of the world's largest data centre hubs in the United Arab Emirates. The project, unveiled during President Donald Trump's visit to Abu Dhabi, is being funded by G42, an Emirati state-linked tech firm. This significant development aligns with the company's focus on AI and data center infrastructure, contributing to the stock's upward movement.
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