Reported about 9 hours ago
Applied Digital Corp. (NASDAQ:APLD) experienced an 11.71% increase in its stock price, reaching $16.98, driven by renewed optimism in the artificial intelligence sector. This rise follows an $18 billion cloud computing deal between Nebius Group and Microsoft, highlighting a growing appetite for digital infrastructure. Additionally, APLD announced a significant lease agreement with CoreWeave that could potentially generate up to $11 billion in revenue, reinforcing its commitment to advancing AI infrastructure in North Dakota.
Source: YAHOO