Applied Digital Rises, Levi Falls, Mosaic Drops on Phosphate Production

On this episode of Stock Movers:
- Applied Digital (APLD) shares rise after the firm said it’s now in advanced discussions with a hyperscaler client for its second data center campus in North Dakota. First-quarter revenue was well ahead of estimates due to one-time income from tenant fit-out services.
- Levi (LEVI) shares fall after the company raised its full-year outlook, but warned that tariffs are starting to bite. The company said that gross margin was bolstered by higher prices and a larger volume of sales through more profitable channels. Levi continues to expect tariffs of 30% in China, but increased its expectation to 20% for the rest of the world, up from the 10% it projected a quarter earlier.
- Mosaic (MOS) shares drop after the fertilizer company said that third-quarter phosphate production fell below what management expected, citing mechanical issues at one plant and utility interruptions at another. Preliminary sales volumes for phosphates fell short of what analysts expected.

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