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Applied Digital (APLD) Jumps 34% as HPC Firms Soar

Group 1 - Applied Digital Corp. (NASDAQ:APLD) experienced a significant share price increase of 34.48% week-on-week, driven by optimism in the high-performance computing (HPC) sector and comments from CoreWeave's CEO regarding AI firms' demand for computing capacity [1][2] - The HPC sector is seeing increased investments, highlighted by Nebius Group securing an $18 billion cloud computing deal with Microsoft, indicating a growing trend in the industry [2] - Applied Digital finalized an expanded lease agreement with CoreWeave, potentially generating up to $11 billion in revenues, covering 400 MW of critical IT capacity across three long-term leases at its Polaris Forge 1 Campus in North Dakota [2][3]