From Yahoo Finance: 2025-06-02 16:46:00

Applied Digital signed a 15-year lease to host CoreWeave AI infrastructure in North Dakota, generating $7 billion in revenue. Both companies are backed by Nvidia, with Applied Digital shares rising 50% and CoreWeave shares climbing 8% on Monday. Nvidia holds significant shares in both companies, solidifying their partnership in AI development.

Read more: Applied Digital Stock Soars on AI Data Center Deal with Nvidia-Backed CoreWeave