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Barchart
Barchart
Aditya Raghunath

CoreWeave Just Gave This Data Center Stock a Big Boost. Should You Buy Shares Now?

CoreWeave APLD Applied Digital Wes Cummins

Applied Digital (APLD) shares could be positioning for a significant move after the data center operator announced an expanded partnership with artificial intelligence (AI) infrastructure company CoreWeave (CRWV) last week. Valued at a market cap of $4 billion, APLD stock is already up 274% in the previous 12 months. 

Applied Digital finalized a new lease agreement for an additional 150 MW at its Polaris Forge 1 Campus in North Dakota, bringing its total anticipated contracted lease revenue to approximately $11 billion. This includes $7 billion from the initial 15-year leases executed in May.

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