Shares of Applied Digital (APLD) are up another 8.5% afterhours at $14.38 following today’s 29.3% gain. After-hours, CoreWeave (CRWV) has disclosed in a 13G filing that it hold a 5.5% or a 13.06M share stake in the company. Note that on June 2nd, Applied Digital had announced signing a 250MW AI data center lease With CoreWeave in North Dakota.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APLD:
- Applied Digital Corp call volume above normal and directionally bullish
- Unusually active option classes on open June 4th
- Applied Digital price target raised to $15 from $8 at B. Riley
- Can Applied Digital Stock Reach $18? Here’s What This Analyst Expects
- Applied Digital price target raised to $12 from $7 at H.C. Wainwright
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue