Roth Capital analyst Darren Aftahi remains positive on Applied Digital (APLD) shares following its recent pullback following the lease signing with CoreWeave (CRWV), telling investors that the firm’s conversations lead it to believe that there was another party with very high interested when the companies signed. The firm, which has a Buy rating and $17.50 price target on the shares, thinks it is reasonable to assume Applied is indirectly supplying capacity for OpenAI, which might be behind CoreWeave’s aggressive capacity expansion efforts in the market.
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