Nvidia Acquires 3.6% Stake in Applied Digital, Shares Surge

The investment highlights Nvidia's strategic interest in AI and high-performance computing infrastructure.

Applied Digital's stock rose significantly following Nvidia's disclosure of a 3.6% stake, valued at $63.66 million.
Nvidia's investment in Applied Digital is part of a broader portfolio, including stakes in Arm Holdings and SoundHound AI.
Applied Digital reported better-than-expected financial results, with a first-quarter revenue of $60.7 million.
The company plans to use recent funding to expand data centers and AI cloud infrastructure.
Nvidia's continued investments underscore its leadership and growth strategy in AI hardware and data centers.