APLD has been in the news 750% more than usual
Jun 04, 2025, 6:32 PM
-21.61%
What does APLD do
Applied Digital, headquartered in Dallas, Texas, develops and operates data centers for AI cloud services, high-performance computing, and crypto hosting, employing 121 staff since its IPO in 2002. The company is exploring potential power sources in North Dakota and Texas.
APLD has been in the news recently: Applied Digital Corp (APLD) experienced a nearly 50% surge in its share price after signing a $7 billion, 15-year lease agreement with CoreWeave Inc. (CRWV), leading analysts to raise their price targets for APLD. Concurrently, shares of CoreWeave Inc. also rose by 6.99% in premarket trading, reflecting heightened investor interest in both companies.
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