Why Applied Digital Stock Jumped Today [Globe and Mail, The (Toronto, Canada)]
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Source: Globe and Mail, The
Applied Digital is set to profit from the AI megatrend. Shares of Applied Digital (NASDAQ: APLD) spiked on Thursday after the data center designer struck a lucrative deal with a cloud computing giant. Image source: Getty Images. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Helping a cloud colossus scale Applied Digital entered a 15-year lease with an unnamed U.S.-based hyperscaler at its 500-acre, 430-megawatt (MW) artificial intelligence ( AI ) factory, Delta Forge 1. A hyperscaler is generally defined as a cloud services provider that offers enormous amounts of computing and storage capacity. Examples include Amazon Web Services, Microsoft Azure, and Alphabet 's Google Cloud. The agreement will see Applied Digital supply 300 MWs of AI and high-performance computing infrastructure. The contract co
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