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Why Applied Digital Stock Jumped Today

TheMotleyFool

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Why Applied Digital Stock Jumped TodayPhoto, wide shot, wide-angle lens, Consumer electronics manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Hiroshi Sugimoto: https://img.theapi.app/temp/d8a4268f-c982-4aa8-a09e-f9ee1db62f57.png

Shares of Applied Digital (NASDAQ: APLD) spiked on Thursday after the data center designer struck a lucrative deal with a cloud computing giant.

Image source: Getty Images.

Applied Digital entered a 15-year lease with an unnamed U.S.-based hyperscaler at its 500-acre, 430-megawatt (MW) artificial intelligence (AI) factory, Delta Forge 1.

Source Fool.com

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