Applied Digital (APLD) Gains 5% as CEO Bares Negotiations for 3 Campuses

Group 1 - Applied Digital Corporation (NASDAQ:APLD) experienced a 5.48% increase in stock price, closing at $24.24, driven by investor optimism regarding ongoing negotiations for new campuses and a rebound from previous declines [1][3]. - CEO Wes Cummins indicated that the company is currently negotiating for two to three additional campuses, highlighting strong demand for its services [2][3]. - The company has established $16 billion in multi-year partnerships with hyperscalers, with $11 billion attributed to CoreWeave Inc., and recently launched its first facility in Ellendale, North Dakota, which is now operational with a full 100 MW critical IT load [4]. Group 2 - The nature of the negotiations for the new campuses remains unclear, whether they pertain to leasing partnerships or fundraising, but they are perceived positively by investors as part of the company's expansion strategy [3]. - The company has demonstrated its capability in construction and financing, which is considered a critical aspect of its growth strategy [3].