Hot Stocks Trading on News: APLD, AIFF, and RGTI

January 14, 2025

DENVER, Colo., Jan 14, 2025 (247marketnews.com)- This morning’s most interesting trades include

Applied Digital (NASDAQ: APLD), Firefly Neuroscience (NASDAQ: AIFF), and Rigetti Computing (NASDAQ: RGTI).

Macquarie Asset Management will invest up to $5 billion into Applied Digital (NASDAQ: APLD). Macquarie’s investment will support over 2 GW of HPC data center development.

Up to $900 million of Macquarie’s investment is slated for Applied Digital’s Ellendale High Performance Computing data center campus. The 400 MW EHP build-out is to support the growing demand for AI.

As a result, Macquarie becomes a 15% perpetual preferred and common equity interest of Applied Digital’s HPC business segment. The move was designed to minimize existing shareholder dilution.

“We believe this expanded relationship with MAM positions Applied Digital for significant growth in the industry, establishing Applied Digital as one of the fastest-growing HPC data center owners, operators and developers in the United States. At today’s build costs, we will have a significant portion of the equity needed to construct over 2.0 GW of HPC data center capacity, including our Ellendale HPC Campus,” said Wes Cummins, Chairman and CEO of Applied Digital.

Applied Digital will report its second-quarter results after today’s market close.

Firefly Neuroscience (NASDAQ: AIFF) announced the advancement of research to assess a patient’s estimated biological brain age of a person’s brain, using its FDA-cleared BNA technology platform.

Greg Lipschitz, Firefly Executive Chairman, exclaimed, “This breakthrough underscores our commitment to pushing the boundaries of innovation in brain health, ultimately with the aim of making a meaningful impact on patients’ lives. I’m incredibly proud of our team for their dedication and ingenuity in bringing this vision to fruition.”

Rigetti Computing (NASDAQ: RGTI) didn’t have news, this morning. However, after Nvidia CEO’s, Jensen Huang, recent comments; no news may be good news. Rigetti is one of this morning’s most active listings and is attempting to claw back some of its lost gains.

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