The company expanded on its $7 billion lease agreement for artificial intelligence data centers with CoreWeave.
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Applied Digital
shares jumped 16% on Friday after the company posted strong first-quarter revenue that was boosted by artificial intelligence data center demand, putting the stock up more than 350% for the year.
Here’s how the company did compared to LSEG estimates:
First quarter revenue of $64.2 million was up 84% from a year ago, when it reported $34.85 million in revenue.
Applied Digital signs $5 billion AI factory lease with U.S. based hyperscaler
CoreWeave's stock has risen more than 14% this year, beating the overall market.
DigitalOcean raises 2026 and 2027 revenue outlook after AI-driven earnings beat - SiliconANGLE
All eyes were on the datacenter operator’s RPO figure, which matched Wall Street’s $50 billion-$60 billion expectations.
The company "positions itself as an emerging AI hyperscaler," Citi analyst Tyler Radke says.
The robotics company said Q4 results were driven by "strong AI-related demand in compute and memory."
