Reported 2 days ago
Applied Digital Corporation (APLD) saw its stock price soar by 29.27% to $13.25 after B. Riley raised its price target from $8 to $15, recommending it as a 'buy.' This surge follows a significant $7 billion lease agreement with CoreWeave, where APLD will supply 250 megawatts of IT load for AI and HPC infrastructure at CoreWeave's data center in North Dakota.
Source: YAHOO