Industry PositioningCollaboration with a neocloud HPC provider like CoreWeave is seen as advantageous over traditional hyperscalers, due to their agility and responsiveness to market trends.
Revenue GrowthApplied Digital announced a 15-year, $7B deal with CoreWeave for 250MW in Ellendale, ND, which significantly impacts the company's future revenue growth.
Valuation StabilityThe deal with CoreWeave is expected to end the frequent changes in price targets that have affected Applied Digital, providing stability to its valuation.