Applied Digital shares rip 40% higher on CoreWeave AI lease agreement

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Applied Digital shares rip 40% higher on CoreWeave AI lease agreement

cnbc.com/2025/06/02/applied-digital-coreweave-ai.html

Shares of Applied Digital rose more than 40% after the company said it signed two long-term lease agreements with CoreWeave for artificial intelligence data centers.
Nvidia-backed CoreWeave climbed more than 7% following the announcement.
Financial terms of the two agreements were not…

This story appeared on cnbc.com, 2025-06-02 15:13:40.