Applied Digital Corporation (APLD) shares rose 5.54% in after-hours trading to $7.24, following a close at $6.86 on November 14, 2024. The after-hours surge is attributed to news that NVIDIA has acquired a stake in the company. This strategic investment by NVIDIA, a major player in the technology sector, has likely boosted investor confidence in Applied Digital's growth prospects and potential synergies between the two companies.