Applied Digital (APLD) Jumps 11.4% on Strong Optimism for Expanded CoreWeave Dea

insidermonkey
2025.08.05 16:37
portai
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Applied Digital Corp. (NASDAQ:APLD) saw an 11.42% increase in stock price, closing at $13.95, driven by optimism surrounding its expanded collaboration with CoreWeave Inc. (NASDAQ:CRWV). The partnership is expected to generate $4 billion in additional revenue, bringing total projected revenues to $11 billion. APLD also reported a 41% increase in total revenues year-on-year, narrowing its net loss by 16%. The company is positioned to benefit from the growing demand for energy in AI infrastructure, highlighting the critical role of energy in the AI sector's future.