Applied Digital (APLD) Jumps 11% as AI Wave Resumes

Group 1 - Applied Digital Corp. (NASDAQ:APLD) experienced a significant increase of 11.71% on Wednesday, closing at $16.98, driven by positive investor sentiment towards the artificial intelligence industry [1][3] - The company is benefiting from a broader trend where investors are investing in digital infrastructure, particularly after Nebius Group secured an $18 billion cloud computing deal with Microsoft, highlighting the demand for scalable computing power [2] - An expanded lease agreement with CoreWeave could potentially generate up to $11 billion in revenues for Applied Digital, covering 400 MW of critical IT capacity across three long-term leases at its Polaris Forge 1 Campus in North Dakota [3][4] Group 2 - The CEO of Applied Digital emphasized the company's commitment to developing AI infrastructure in North Dakota, positioning the state as a strategic hub for the digital economy and AI advancements [5] - The overall optimism in the AI sector suggests that investing in companies like Applied Digital could provide early exposure to a rapidly growing industry [3]