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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Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.