Applied Digital Surges to 73rd in Daily Trading Volume with $932 Million Turnover

Generated by AI AgentAinvest Volume Radar
Thursday, Jun 12, 2025 8:09 pm ET1min read

On June 12, 2025,

(APLD) saw a significant surge in trading volume, with a turnover of $932 million, marking a 71.98% increase from the previous day. This substantial rise placed at the 73rd position in terms of daily trading volume. The stock price of APLD also experienced a notable increase, rising by 3.82%.

Applied Digital's stock price doubled following the announcement of a $7 billion AI data center partnership with

. This strategic move is expected to significantly enhance Applied Digital's capabilities in AI and machine learning hosting, positioning the company as a key player in the rapidly growing AI infrastructure market.

Applied Digital has secured a landmark 15-year lease with CoreWeave, further solidifying its commitment to AI and machine learning hosting. This lease is part of a broader strategy to expand its data center capabilities and meet the increasing demand for AI infrastructure.

Despite recent fluctuations, Applied Digital's stock has shown resilience, reflecting investor confidence in the company's strategic initiatives and growth prospects. The partnership with CoreWeave and the subsequent lease agreement are expected to drive long-term value for shareholders, as Applied Digital continues to capitalize on the growing demand for AI and machine learning services.

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