Shares of Applied Digital Corporation (APLD) are surging more than 15% Friday morning at $11.14.
Applied Digital today said its AI Cloud Service has secured the second AI customer with an agreement worth up to $460 million over 36-months.
Last month the company had launched its Cloud Services that provides high-performance computing power for AI applications.
"As the AI industry continues to grow at unprecedented levels, we continue to see extraordinary demand for our new cloud service as a result," said Applied Digital CEO and Chairman, Wes Cummins.
APLD has traded in the range of $0.85 - $11.53 in the last 1 year.
For comments and feedback contact: editorial@rttnews.com
Business News
April 10, 2026 16:21 ET Inflation data from the U.S. was the main data event this week as the conflict in the Middle East continue. The minutes of the latest Fed policy session and the survey data on the services sector also made headlines. In Europe, manufacturing orders data from Germany was in focus. Price data from China drew attention in Asia.