Applied Digital Corporation (APLD) News & EventsAPLDApplied Digital Corporation

Stock Futures Lower as Oil Prices and Treasury Yields Rise

Stock futures are lower as a renewed jump in oil prices and Treasury yields revives inflation concerns. Brent crude jumped nearly 5% to above $105 a barrel, while WTI climbed toward $93 as concerns over renewed U.S.-Iran military action increased. The 10-year Treasury yield rose to around 5.34%, near its highest level since 2002, putting additional pressure on equities, particularly high-valuation technology stocks.The broader setup is increasingly a tug-of-war between strong expected earnings and deteriorating macro conditions. LSEG expects S&P 500 earnings to rise 30.6% in the third quarter, but the market is confronting a 10-year yield near 5.35%, oil above $100 and a Fed that still expects at least one more rate hike this year.In pre-market trading, S&P 500 futures fell 0.41%, Nasdaq futures fell 0.68% and Dow futures fell 0.68%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Haemoneticsup 17% after disclosing its entry into a non-exclusive supply agreement with CSL PlasmaWolfspeedup 16% after receiving a conditional loan commitment letter from the U.S. Department of War for up to $1.5B of long-term financingPalantirup 2% after Goldman Sachs upgraded the stock to Buy with a $230 price targetUP AFTER EARNINGS -Helen of Troyup 13%PepsiCoup 1%Applied Digitalup 1%DOWN AFTER EARNINGS -AngioDynamicsdown 2%Levi Straussdown 2%Tilraydown 1%

S&P 500 Ends Three-Day Gain as 10-Year Treasury Yield Hits New High

S&P 500 broke a string of three consecutive gaining sessions, backing away from yesterday's record highs.   Investors took greater caution as the yield on the 10-year Treasury note hit a fresh 24-year high of 5.36% before relatively strong demand in today's 10-year auction drove that rate back down to 5.28%, driving some relief into the equity space.Healthcare was the best-performing sector in the S&P 500 on Wednesday while Basic Materials and Industrials were the two worst areas of the market.  Precious metals stocks were also weighed down by multi-week lows in Gold and Silver prices.   Tech was mixed again, with profit-taking among some of the biggest cybersecurity names that had seen record highs overnight, as Palo Alto Networksfell 3% and CrowdStrikefell 5% .  Computer hardware names were generally higher however, paced by 4% gains in Everpure.  Also of note, Micronrebounded to post 4% gains after opening the day 3% lower due to labor action in Taiwan.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Applied Digitalup 4.1%Richardson Electronicsup 1.8%ALSO HIGHER -Wolfspeedup 20.8% after announcing a $1.5B 30-year loan from Department of WarvTv Therapeuticsup 5.5% after securing Orphan Drug Designation for HPPDLattice Semiconductorup 2.0% after announcing Arm collaboration on AI data center infrastructureDOWN AFTER EARNINGS -Resources Connectiondown 12.6%Levi Straussdown 1.6%ALSO LOWER -MicroVision.down 7.2% after FY26 outlookONE Gasdown 1.4% after downgrade to Hold at JefferiesCostco Wholesaledown 0.3% after September SSS data

Applied Digital Reports Q1 Revenue of $341.9M

Reports Q1 revenue $341.9M, consensus $124.57M. Services revenue in Q1 was $262.8M compared to $80.9M, up 225% from the fiscal first quarter of 2026. The increase was primarily due to an increase in tenant fit-out services of approximately $157.2M, as well as $23M in GPU hardware sales related to ChronoScale. "Our goal is to establish Applied Digital as the category leader in the design, construction, deployment, and operation of purpose-built AI factories," said Wes Cummins, Chairman and Chief Executive Officer of Applied Digital. "We are building for the long term, with a clear focus on developing large-scale, sustainable AI factory campuses and securing durable, high-quality, long-term contracts with proven, tier-one, investment grade hyperscalers that are leaders in the AI industry."