Applied Digital, IonQ, Planet Labs, QuinStreet, Coherent Surge on AI-Centric Tech Bounce

Technology stocks surged in afternoon trading as the S&P 500 edged into positive territory for 2026, supported by a rebound in Bitcoin, improved U.S. consumer sentiment, and anticipation of AI-related capital expenditures benefiting chipmakers like Nvidia and Broadcom. The Dow crossed 50,000 for the first time on the day. Applied Digital’s shares jumped 24.3% YTD after the company announced Delta Forge 1, a 430MW AI factory in a southern U.S. state, scheduled to start operations in mid-2027. The move reflects strong AI infrastructure demand and long-term lease contracts, prompting some capital market firms to reaffirm positive ratings. The stock remains 15.5% below its 52-week high of $41.35 despite a recent $34.93 price.