Applied Digital surges after CoreWeave lease deal

Shares of data center operator Applied Digital APLD.O surge 44.4% to $9.86, over three-mth high, early Mon after inking deal with CoreWeave CRWV.O

APLD shares on track for biggest one-day pct gain since Sept

Co says entered into two 15-year leases worth $7 bln in rev with CoreWeave, specialized cloud services firm backed by Nvidia NVDA.O

Through Fri close, APLD stock had lost ~11% YTD

Short interest in APLD stood at ~36% of public float as of Jun 2, up roughly 25% since beginning of 2025, according to LSEG Starmine data

CRWV shares rising 7.2% to $119.27 on Mon, nearly triple its Mar IPO price of $40