Nvidia-Linked Shares Shine. Applied Digital Surges 34%; CoreWeave Rallies 12%; Aurora Innovatio, Nebius up about 5%
Nvidia-linked shares rallied. Applied Digital rose 34%; CoreWeave up 12%; Aurora Innovatio, Nebius rose about 5%; SoundHound AI rose 3%.
Applied Digital topped Wall Street estimates for quarterly revenue on Wednesday, buoyed by artificial intelligence-driven demand for its cloud infrastructure.
Surging demand for AI, machine learning, blockchain and cloud services has driven increased interest in Applied Digital's offerings.
The company delivers managed cloud infrastructure solutions to a broad range of clients — including AI and machine learning developers, as well as cryptocurrency miners — enabling them to build, scale and operate advanced products and services.
Applied Digital has secured two 15-year lease agreements with CoreWeave, projected to deliver around $7 billion in revenue over the lease term.
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