Applied Digital Announces Its AI Cloud Service Has Secured A Second AI Customer With an Agreement Worth Up To $460M Over 36 Months
Portfolio Pulse from Bill Haddad
Applied Digital (APLD) has secured a second AI customer for its AI Cloud Service, with an agreement worth up to $460 million over 36 months.
June 23, 2023 | 12:01 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Applied Digital's AI Cloud Service secures a second customer, potentially generating up to $460 million in revenue over 3 years.
The news of Applied Digital securing a second AI customer for its AI Cloud Service is positive for the company, as it indicates growth in its customer base and potential revenue generation. The deal is worth up to $460 million over 36 months, which is a significant amount and can positively impact the company's financial performance. This is likely to result in a positive short-term impact on APLD's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100