what is the connection between apld and crwv

``` The deep research logic is organized as follows: Okay, let's tackle the user's question about the connection between APLD (Applied Digital) and CRWV (CoreWeave). First, I need to go through the provided references to find all relevant information. Starting with the references, I see several mentions of a lease agreement between APLD and CRWV. Specifically, references 6, 7, 8, 9, 10, 11, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, and 25 discuss their partnership. The key points are: 1. APLD has leased 250MW of AI data center capacity to CRWV under a 15-year agreement worth $7 billion . This is a significant financial commitment for both companies. 2. The lease is for APLD's Ellendale campus in North Dakota, which is designed for AI and HPC workloads . 3. CRWV is using this facility to expand its AI infrastructure, which aligns with their focus on providing high-performance computing resources . 4. The partnership has financial implications for both companies. APLD gains a stable revenue stream, while CRWV secures critical infrastructure for its operations . 5. There's mention of CRWV acquiring Core Scientific for $9 billion, which might affect their relationship with APLD, but the lease remains intact . 6. The user's profile shows interest in NASDAQ stocks and technical analysis, so highlighting the stock performance and financial metrics would be relevant . I need to structure the answer to clearly outline the nature of their collaboration, the financial terms, and the strategic implications. Also, include the stock performance data as per the user's interest in market trends. Make sure to cite all relevant references and include the required visualizations for the queries mentioned. Wait, the user's question is about the connection, so the answer should start with a conclusion, then detailed analysis. Also, check if there are any joint ventures or other business ties beyond the lease. From the references, it seems the primary connection is the lease agreement, with no mention of joint ventures or equity stakes. Need to ensure that the answer doesn't fabricate any information beyond what's provided. Also, use the correct citation format and include the visualizations for the queries mentioned. The user's profile mentions a moderate risk tolerance and interest in NASDAQ, so the analysis should reflect that by discussing both the opportunities and risks involved in the partnership. Finally, make sure the answer is concise, uses markdown tables where appropriate, and includes the necessary emojis to make it engaging. Also, check the current time (2025-07-24) to ensure all data is up-to-date as per the references provided. ``` ### 🌐 **Conclusion** Applied Digital (APLD) and CoreWeave (CRWV) are connected through a **strategic 15-year lease agreement** worth **$7 billion**, under which APLD provides **250MW of AI data center capacity** to CRWV at its Ellendale campus in North Dakota . This partnership positions APLD as a critical infrastructure provider for CRWV’s AI and high-performance computing (HPC) needs, while CRWV gains access to scalable, low-cost energy infrastructure for its hyperscale AI operations . --- ### 📊 **Key Details of the Partnership** | **Aspect** | **Details** | |---------------------------|-----------------------------------------------------------------------------| | **Lease Term** | 15 years, with an option for an additional 150MW expansion . | | **Capacity Provided** | 250MW of critical IT load for AI/HPC workloads . | | **Revenue for APLD** | ~$7 billion over the lease term . | | **Location** | Ellendale, North Dakota (low-cost energy, purpose-built for AI) . | | **Strategic Importance** | APLD gains long-term stability; CRWV secures infrastructure for AI growth . | --- ### 📉 **Market Implications** 1. **APLD**: The lease provides **predictable revenue** and validates its hyperscale strategy. However, APLD faces execution risks (e.g., multi-phase deployments) and competition from peers like Equinix (EQIX) . 2. **CRWV**: The partnership supports its **AI infrastructure expansion**, but CRWV’s reliance on APLD raises concerns about customer concentration (77% of revenue tied to Microsoft and Nvidia) . 3. **Stock Performance**: APLD shares surged 48% post-announcement , while CRWV saw a 8% rise . Recent data shows APLD at $10.93 (-0.18%) and CRWV at $126.05 (-2.87%) . --- ### 📊 **Financial Alignment** | **Company** | **Market Cap** | **Revenue (2024)** | **Net Loss (2024)** | |-------------|----------------|--------------------|----------------------| | APLD | $3.31B | $52.9M | $36.1M | | CRWV | $23B (IPO) | $1.92B | $863.4M | --- ### 🚨 **Risks & Challenges** 1. **Execution Risks**: APLD’s ability to deliver the 250MW capacity on time is critical . 2. **Customer Dependency**: CRWV’s reliance on Microsoft (77% of revenue) poses a vulnerability . 3. **Competition**: Both companies face competition from hyperscalers like Equinix (EQIX) and Nvidia-backed infrastructure providers . --- ### 🌟 **Why This Matters** This partnership underscores the **AI infrastructure gold rush**, with APLD and CRWV positioned as key players in the $150B AI cloud market by 2027 . For investors, APLD offers **long-term stability** via the $7B lease, while CRWV represents **high-growth potential** in AI compute . |code|Ticker|Name|Date|Guru Action|Institution Position|Institution Action|Amount of Institution Holding|Guru|Shareholding Ratio Change|Change in Position (Institution)|Institution Name|Shareholding Ratio|Share of Institution Holding|Change in Holding Share (Institution)|Holding Period (Quarter)|market_code| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |APLD|APLD.O|Applied Digital|20240724-20250724|adding|5.849871572805325E-4|adding|2953680||0.020072091966546274|-9.306492815837976E-5|Bank of New York Mellon Corp|0.23421867421158657|525566|45040|12|185| |APLD|APLD.O|Applied Digital|20240724-20250724|adding|0.001904720669807388|adding|9.068423E7||0.31946445662119666|-4.7824806519357083E-4|BlackRock, Inc.|7.191006989758419|1.6135984E7|716850|12|185| |APLD|APLD.O|Applied Digital|20240724-20250724|adding|0.001969158186291658|adding|1.0505949E7||0.03162112090333684|-5.638273716468246E-4|CHARLES SCHWAB INVESTMENT MANAGEMENT INC|0.8330925335917868|1869386|70955|12|185| |APLD|APLD.O|Applied Digital|20240724-20250724|adding|0.0016083891288513283|adding|8481300||0.3101392229533463|-0.002220634259930607|CITADEL ADVISORS LLC|0.6725434281813953|1509128|695925|7|185| |APLD|APLD.O|Applied Digital|20240724-20250724|adding|5.1830870980035135E-6|adding|81183||5.717694048196908E-4|-8.185233547889354E-7|FMR LLC|0.006437865021064109|14446|1283|10|185| |APLD|APLD.O|Applied Digital|20240724-20250724|adding|0.002359513385554036|adding|3.0012783E7||0.27315960218753715|-4.3906201562496366E-4|GEODE CAPITAL MANAGEMENT, LLC|2.379523774465982|5339441|612946|11|185| |APLD|APLD.O|Applied Digital|20240724-20250724|adding|0.0028642438215354055|adding|1.7696408E7||0.7785859300339639|0.001171691950172452|GOLDMAN SACHS GROUP INC|1.4032758687998226|3148827|1747078|8|185| |APLD|APLD.O|Applied Digital|20240724-20250724|adding|2.0523032486510626E-4|adding|1083475||0.04405877664699447|5.4661272647332795E-5|Invesco Ltd.|0.08591648619312811|192789|98864|11|185| |APLD|APLD.O|Applied Digital|20240724-20250724|reducing|8.656364918858685E-4|reducing|1.19701E7||-0.1543376307694118|-4.5967124979422815E-4|MORGAN STANLEY|0.9491955921971258|2129911|-346320|12|185| |APLD|APLD.O|Applied Digital|20240724-20250724|reducing|0.0014915210228668347|reducing|1.0046284E7||-0.0027206954142043743|-4.4887683151245635E-4|NORTHERN TRUST CORP|0.7966423454471201|1787595|-6105|12|185|