Applied Digital Rallies As Co. Sees Strong Demand For Its AI Cloud Service

On:

Shares of Applied Digital Corporation (APLD) are surging more than 15% Friday morning at $11.14.

Applied Digital today said its AI Cloud Service has secured the second AI customer with an agreement worth up to $460 million over 36-months.

Last month the company had launched its Cloud Services that provides high-performance computing power for AI applications.

“As the AI industry continues to grow at unprecedented levels, we continue to see extraordinary demand for our new cloud service as a result,” said Applied Digital CEO and Chairman, Wes Cummins.

APLD has traded in the range of $0.85 – $11.53 in the last 1 year.

Source: Read Full Article

Lates News:
  1. Bitcoin’s Mining Reserves Plunge To 12-Year Low — What This Means For BTC Price
  2. Bitcoin ($BTC) Price Hitting $1 Million Easier Than Expected If US Approves Spot ETF, Analyst Reveals
  3. New Survey Shows Nearly 50% Of Millennials And Gen Z Want Bitcoin, Cryptos In Their Retirement Fund
  4. ‘Diamond Hands’ Tesla Still HODLing Over 10,000 BTC, Q4 2022 Report Reveals
  5. Cryptos Rebound Amidst Wider Market Rally