Shares of Applied Digital Corp (NASDAQ:APLD) rose sharply in pre-market trading after the company posted better-than-expected financial results for the first quarter.

Applied Digital reported first-quarter adjusted revenue of $300.39 million, beating analyst estimates of $132.16 million, according to Benzinga Pro. The digital infrastructure provider reported an adjusted loss of one cent per share for the quarter, beating estimates for a loss of 30 cents per share.

Applied Digital shares jumped 3.9% to $24.73 in pre-market trading

Here are some other stocks moving in pre-market trading.

Gainers

  • Xiao-I Corp (NASDAQ:AIXI) rose 94.7% to $2.57 in pre-market trading after dipping around 29% on Wednesday.
  • iPower Inc (NASDAQ:IPW) rose 70.1% to $1.77 in pre-market trading after declining 8% on Wednesday.
  • Murano Global Investments Plc (NASDAQ:MRNO) gained 64.6% to $0.39 in pre-market trading after the real estate and development group announced a Nasdaq compliance extension and a strategic review.
  • DarkIris Inc (NASDAQ:DKI) gained 36.7% to $2.28 in pre-market trading followed a Tuesday Securities and Exchange Commission filing in which the company said shareholders approved all six items at an extraordinary general meeting in Xiamen.
  • OLB Group Inc (NASDAQ:OLB) gained 25.4% to $0.49 in pre-market trading. OLB Group recently announced it suspended its at-the-market equity offering program and authorized a share repurchase program.
  • Stardust Power Inc (NASDAQ:SDST) gained 22.8% to $0.092 in pre-market trading after falling 6% on Wednesday.
  • Urban One Inc (NASDAQ:UONE) gained 20.3% to $5.03 in pre-market trading.
  • Profound Medical Corp (NASDAQ:PROF) gained 18.8% to $6.75 in pre-market trading after the company reported preliminary third-quarter revenue results.
  • Wolfspeed Inc (NYSE:WOLF) rose 16.4% to $36.54 in pre-market trading after the company announced it has received a conditional loan commitment letter from the U.S. Department of War for up to $1.5 billion of long-term financing to support the domestic development and production of silicon carbide materials and wide bandgap power devices

Losers

  • China SXT Pharmaceuticals Inc (NASDAQ:SXTC) tumbled 24% to $2.15 in pre-market trading after jumping 126% on Wednesday.
  • Medicus Pharma Ltd (NASDAQ:MDCX) fell 24% to $0.12 in pre-market trading after the company announced a 50-for-1 stock split.
  • Pinnacle Food Group Ltd (NASDAQ:PFAI) fell 19.9% to $4.06 in pre-market trading after jumping over 88% on Wednesday.
  • Baiya International Group Inc (NASDAQ:BIYA) fell 15.7% to $1.94 in pre-market trading after jumping over 68% on Wednesday. Baiya International Group recently reported a year-over-year increase in its H1 EPS results.
  • VCI Global Ltd (NASDAQ:VCIG) fell 15.4% to $0.65 in pre-market trading after dipping 45% on Wednesday.
  • Cloudastructure Inc (NASDAQ:CSAI) fell 13.7% to $2.27 in pre-market trading.
  • SHF Holdings Inc (NASDAQ:SHFS) fell 13.2% to $0.54 in pre-market trading after dipping 11% on Wednesday. Safe Harbor recently announced preliminary third quarter 2026 deposit results.
  • argenx SE – ADR (NASDAQ:ARGX) fell 8.7% to $847.72 in pre-market trading after the company announced plans to discontinue Phase 3 UNITY study of efgartigimod subcutaneous in adults with moderate-to-severe Sjögren’s disease after IDMC recommended stopping for futility at interim analysis.
  • PennyMac Mortgage Investment Trust (NYSE:PMT) declined 5.1% to $7.50 in pre-market trading.
  • Immunovant Inc (NASDAQ:IMVT) fell 4.8% to $30.50 in pre-market trading. Immunovant recently announced topline results from Period 1 of its proof-of-concept trial evaluating IMVT-1402 did not achieve statistical significance on its primary endpoint.

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