Applied Digital

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Global Markets & Equities 08 Oct 2026, 08:47 PM IST

Applied Digital’s Earnings Suggest Its Data Center Pivot Is Gaining Traction

Applied Digital’s latest quarterly results indicate that its shift toward data center infrastructure is beginning to deliver tangible operating momentum. The company reported a revenue beat for fiscal first quarter 2027, reinforcing investor confidence that demand tied to high-performance computing and digital infrastructure is helping offset the volatility of its earlier business mix.

By RDU Global Wire5 min read

Global Markets & Equities09 Oct 2026, 03:29 PM IST

Applied Digital’s Earnings Suggest Its Data Center Bet Is Beginning to Pay Off

Applied Digital’s latest results indicate that its pivot toward AI-focused data centers is starting to gain traction, even as heavy investment continues to pressure profitability. Revenue surged in the quarter, underscoring demand for capacity, while losses widened as the company accelerated spending on campuses and infrastructure. Investors appeared to focus on the growth trajectory rather than the near-term earnings drag.

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Banking, Fintech & Insurance6h ago

Government Says New UPI Merchant Fee Won't Hit Consumers as India Moves to Protect Digital Payments Growth

Government sources on Thursday said the proposed 0.4% merchant discount rate on certain UPI transactions above Rs 2,000 will be borne by merchants, not consumers, and will not flow into government coffers. The move, effective October 15, is aimed at building a sustainable revenue model for the digital payments ecosystem while keeping person-to-person UPI transfers free and shielding most small merchants from the charge.

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Startups & Venture Capital6h ago

IIT Madras sets bold startup target: 1,000 ventures by 2032, with one IPO a month in sight

IIT Madras has unveiled an ambitious long-term startup roadmap, aiming to nurture about 1,000 startups by 2032 and see at least one of them go public every month, Director Prof. V. Kamakoti said. The institute said it has already incubated 583 startups with a combined valuation of Rs 83,000 crore, underscoring its growing role as one of India's most influential deep-tech and entrepreneurship hubs.

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Washington, D.C.(2)North-East Algeria(1)Government of Algeria(1)Barron’s(1)Algiers(1)Algeria(1)