Rachel Lee's appointment to Applied Digital Corporation's Board of Directors is viewed positively. Her vast experience in finance, investment, and board leadership is anticipated to significantly boost the company's growth strategy and expansion into the digital infrastructure space.

The Euphoria is Running Out of Steam
The worst performing sectors last week were the sectors associated with the Mag 7 stocks, which have led the recent melt-up in equity markets. This is a sign that the market rally might be losing steam as the leaders of the rally take a break.
Defensive Posturing Over the Past Two Weeks
The companies associated with the end of an economic expansion cycle or the beginning of a contractionary cycle have been showing signs of s...

The CFO of Applied Digital, David Rench, views the secured capital as an endorsement of the company's business strength and growth trajectory, enabling the continuation of the new Ellendale HPC facility construction and the finalization of larger project-level financing.