Applied Digital in our Pivotal Point Check: AI Infrastructure Provider Secures Leasing Contracts With Cloud Service Provider CoreWeave Worth $7 Billion!

250 MW IT capacity planned for data centers by CoreWeave. Over 15 years, total revenue of $7 billion is expected to be generated. Stock price rises nearly 50% after leasing deal. The stock price of Applied Digital surged nearly 50% on Monday, June 2, 2025, after a leasing deal for data center spaces to CoreWeave was announced. Both Applied Digital and CoreWeave are supported by the chip manufacturing giant NVIDIA, the main player in the field of artificial intelligence. As of March 31, NVIDIA held approximately 7.7...