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Jan 8, 2026 8:00 AM

CoreWeave Rival Applied Digital Sees Momentum Surge On 250% Revenue Growth And Cloud Business Spin Off

Applied Digital Corp. (NASDAQ:APLD) shares are flashing a powerful bullish signal, with the company's momentum score surging to the 99th percentile following a transformative second quarter with a massive revenue jump and a strategic announcement to spin off its cloud computing business.

Check out APLD stock price here.

Momentum Hits The 99th Percentile

According to Benzinga Edge’s Stock Ranking data, Applied Digital's momentum score has hit 98.93, indicating the stock's price action and volatility are currently outperforming nearly 99% of the market.

This surge coincides with a "triple-trend" buy signal, as the stock is now technically rated as positive across short, medium, and long-term timeframes.

Additional performance details, as per Benzinga's Edge Stock Rankings, are available here.