Applied Digital Corp's stock soared 8.42% in morning trading, significantly outperforming the broader market.
The surge comes as Nvidia-related stocks jumped after Nvidia announced a $2 billion investment in CoreWeave, expanding their partnership to boost CoreWeave's data center build out ambitions. This move has generated positive sentiment across companies associated with Nvidia's ecosystem, including Applied Digital.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments