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Why Applied Digital Stock Soared Today

TheMotleyFool

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Why Applied Digital Stock Soared Today: https://g.foolcdn.com/editorial/images/871309/cloud-computing-gettyimages-1345778718.jpg

Shares of Applied Digital (NASDAQ: APLD) surged on Thursday after the next-gen data center builder announced another major lease agreement with a cloud titan.

Image source: Getty Images.

Applied Digital is partnering with the same undisclosed hyperscaler that previously signed a $7.5 billion, 15-year lease for 300 megawatts (MW) of capacity at its artificial intelligence (AI) factory campus, Delta Forge 1, in April.

Source Fool.com

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