Applied Digital shares rip 40% higher on CoreWeave AI lease agreement
1. Applied Digital's shares rose over 40% following lease agreements with CoreWeave. 2. CoreWeave's stock increased by more than 7% after the announcement. 3. APLD expects $7 billion in revenue from leases over 15 years. 4. The data center in North Dakota will feature 400 MW capacity. 5. CEO claims the deal is a strategic step into advanced compute infrastructure.