US Stock Movement | Applied Digital soars over 15%, skyrocketing more than 70% in 3 trading days
On Wednesday, Applied Digital, a stock related to NVIDIA, soared over 15%, rising more than 70% in three trading days, closing at $12.36. In terms of news, the company announced on Monday that it has signed two 15-year lease agreements with CoreWeave, a professional cloud service provider supported by NVIDIA, which will bring approximately $7 billion in revenue to this data center operator during the lease term. Applied Digital's CEO, Wes Cummins, stated in a statement: "These lease agreements solidify Applied Digital's position as an emerging provider of next-generation artificial intelligence and high-performance computing critical infrastructure. With the newly signed long-term lease agreements with CoreWeave, we are taking a step forward in our strategic expansion towards advanced computing infrastructure."
According to the Zhitong Finance APP, on Wednesday, Nvidia concept stock Applied Digital (APLD.US) soared over 15%, rising more than 70% in three trading days, closing at $12.36. In terms of news, the company announced on Monday that it has signed two 15-year lease agreements with CoreWeave, a professional cloud service provider supported by Nvidia, which will bring approximately $7 billion in revenue to this data center operator during the lease period.
Applied Digital CEO Wes Cummins stated in a statement: "These lease agreements solidify Applied Digital's position as an emerging provider of next-generation artificial intelligence and high-performance computing critical infrastructure. With the newly signed long-term lease agreements with CoreWeave, we are taking a step forward in our strategic expansion towards advanced computing infrastructure."
