Applied Digital Stock (APLD) Doubles on CoreWeave (CRWV) Tie-Up — We Called It

Applied Digital Stock (APLD) Doubles on CoreWeave (CRWV) Tie-Up — We Called It

Key Points Applied Digital (NASDAQ: APLD) shares doubled after announcing a $7 billion AI data center partnership with newly public CoreWeave (NASDAQ: CRWV). The CoreWeave IPO initially faced skepticism, trading down to $33 before surging past $100, which amplified market enthusiasm for its partners like APLD. Short interest and prior operational challenges at Applied Digital may add volatility, but investor sentiment has turned sharply bulli…

ABB and Applied Digital accelerate AI-ready data centers

Applied Digital, a builder and operator of next-generation data centers, has launched an infrastructure partnership with ABB at the company’s greenfield 400 MW campus in North Dakota, United States. The collaboration will innovate fast, reliable, energy-efficient solutions to meet the needs of rapidly advancing artificial intelligence (AI) capabilities. As part of this long-term partnership, the first orders were booked in Q4 2024 and Q1 2025. F…