10 Stocks That Made Millionaires in Just a Week

7. Applied Digital Corp. (NASDAQ:APLD)

Shares of Applied Digital grew by 34.48 percent week-on-week amid an overall optimism for the high-performance computing (HPC) sector, further boosted by a comment from a key player’s chief executive saying that AI firms “cannot get enough compute.”

In an interview with CNBC last week, CoreWeave CEO Mike Intrator said that AI companies cannot get enough computing capacity, sparking investor optimism on expectations that strong demand for HPC services would boost investments in the sector.

This was further supported by Nebius Group’s bagging of an $18 billion cloud computing deal with technology giant Microsoft Corp., suggesting that more investments are being poured into the sector.

Late last month, Applied Digital Corp. (NASDAQ:APLD) finalized an expanded lease agreement with CoreWeave that could deliver the company as much as $11 billion in revenues.

The updated agreement covers 400 MW of critical IT capacity across three long-term leases across Applied Digital Corp.’s (NASDAQ:APLD) purpose-built Polaris Forge 1 Campus in Ellendale, North Dakota.