Stock Market Today: Applied Digital Soars 31% on CoreWeave Deal and Earnings Surprise

In fiscal Q4, Applied reported $38 million in revenue, up 41% year over year, and an adjusted EPS loss of $0.03, easily beating analyst expectations. Most notably, the company announced that CoreWeave exercised a 150-megawatt (MW) lease option, boosting total contracted capacity to 400 MW and unlocking up to $11 billion in potential revenue over the next 15 years. CEO Wes Cummins emphasized acceleration at the company's Polaris Forge 1 campus and reiterated long-term plans to generate $1 billion in annual N ...