Applied Digital (NASDAQ: APLD) stock is posting big gains in Tuesday's trading. The company's share price was up 9.4% as of 11:30 a.m. ET and had been up as much as 25.1% earlier in the day's trading.

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Applied Digital stock is gaining following an announcement that Macquarie Asset Management will invest up to $5 billion in the company. The stock is also seeing bullish momentum from a positive ...

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