Why Applied Digital Shares Are Skyrocketing Today
Portfolio Pulse from Lekha Gupta
Applied Digital Corp (NASDAQ:APLD) shares are trading higher after the company disclosed securing its second major AI customer with a deal worth up to $460 million over 36 months. Last month, APLD launched its AI Cloud services, offering high-performance computing power for AI applications.
June 23, 2023 | 2:10 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Applied Digital Corp's stock price is up after announcing a $460 million AI customer deal. The company recently launched AI Cloud services for high-performance computing.
Applied Digital Corp's announcement of a major AI customer deal worth up to $460 million over 36 months is a significant development for the company. This news, combined with the recent launch of their AI Cloud services, is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100