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Applied Digital Corporation Leads in AI Data Center Market with $7 Billion Lease Deal Despite 34.43% Trading Volume Decrease
Generated by AI AgentAinvest Volume Radar
Tuesday, Jun 3, 2025 7:59 pm ET1min read
On June 3, 2025,
(APLD) saw a trading volume of $15.25 billion, marking a 34.43% decrease from the previous day. Despite this, APLD's stock price rose by 1.08%, marking its second consecutive day of gains, with a total increase of 50.07% over the past two days.Applied Digital Corporation's stock experienced a significant boost following the announcement of a $7 billion, 15-year lease agreement with
, a rapidly growing AI cloud provider. This deal is expected to generate substantial revenue for Applied Digital over the lease term, contributing to the company's future outlook.The lease agreement with CoreWeave is a strategic move for Applied Digital, positioning the company as a key player in the AI data center market. The deal not only secures long-term revenue but also aligns Applied Digital with the growing demand for AI infrastructure.
Applied Digital's stock price surged following the announcement of the lease agreement, reflecting investor confidence in the company's strategic direction and future prospects. The deal underscores Applied Digital's commitment to expanding its data center capabilities and capitalizing on the growing AI market.
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