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Applied Digital shares jumped as much as 30% on Friday after the company posted strong first-quarter revenue that was boosted by artificial intelligence data center demand, putting the stock up more than 350% for the year.

The company closed up 16%, extending its impressive run this year. Shares are up 344% so far.

Here's how the company did compared to LSEG estimates:

Loss per share: Loss of 7 cents vs. a loss of 13 cents expected

Revenue: $64.2 million vs. $50 million expected

First quarter revenue of $64.2 million was up 84% from a year ago, when it reported $34.85 million in revenue.

The data center company reported earnings after the bell on Thursday.

During the quarter, Applied Digital bui

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