Applied Digital's AI Infrastructure Deal: A Wild Ride
Applied Digital stock skyrockets 7% following an $11 billion AI infrastructure deal with CoreWeave, fueled by a booming AI market with big moves from Oracle and Super Micro Computer. While the stock is known for volatility, this jump, coupled with hopes for a Fed rate cut, propels the company to a 136% year-to-date increase and a new 52-week high, turning a $1,000 investment five years ago into over $300,000. Hosted on Acast. See acast.com/privacy for more information.