Stock Track | Applied Digital Corp Soars 19% Pre-Market on $7 Billion Revenue Expectation from CoreWeave Lease Deal-To The Moon - Tiger Brokers Online Investing Community

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Stock Track | Applied Digital Corp Soars 19% Pre-Market on $7 Billion Revenue Expectation from CoreWeave Lease Deal

Stock Track06-02

Shares of Applied Digital Corp (APLD) are skyrocketing in pre-market trading, surging 19.03% following a major announcement regarding long-term lease agreements. The company has entered into 15-year lease agreements with CoreWeave, a move that is expected to generate substantial revenue over the coming years.

In a statement released early Monday, Applied Digital Corp revealed that it anticipates generating $7 billion in revenue from these leases over the 15-year term. This significant revenue projection has caught the attention of investors, driving the stock's pre-market rally.

The market's enthusiastic response to this news underscores the potential long-term value that investors see in Applied Digital Corp's strategic partnership with CoreWeave. As the trading day progresses, all eyes will be on APLD to see if it can maintain this momentum and how the broader market reacts to this development in the technology infrastructure sector.

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.

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