Applied Digital shares are trading higher after the company announced its AI cloud service has secured a second AI customer with an agreement worth up to $460 million over 36 months.
Portfolio Pulse from Benzinga Newsdesk
Applied Digital announced that its AI cloud service has secured a second AI customer, with an agreement worth up to $460 million over 36 months. This news has led to an increase in the company's share price.
June 23, 2023 | 12:17 pm
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Applied Digital's shares are trading higher after securing a $460 million deal with a second AI customer for its AI cloud service.
The announcement of a significant new customer deal worth up to $460 million over 36 months for Applied Digital's AI cloud service directly impacts the company's revenue and growth prospects. This positive news has led to an increase in the company's share price.
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