Applied Digital (APLD) Jumps 16% on New Multi-Billion Dollar Contract

We recently published 10 Stocks With Surprising Gains. Time to Sell? Applied Digital Corporation (NASDAQ:APLD) is one of the companies that stood stronger last week.

Applied Digital grew its share prices by 16.46 percent in just the past five days of trading, as investors cheered its expanded collaboration with CoreWeave Inc. that would hike the two firms’ contract to as much as $11 billion.

This followed CoreWeave Inc.’s (NASDAQ:CRWV) exercise of an option to add another 150 MW of critical IT load capacity from Applied Digital Corporation (NASDAQ:APLD), on top of the 250 MW signed earlier, effectively bringing the total capacity to 400 MW.

According to Applied Digital Corporation (NASDAQ:APLD), the first 100 MW facility is scheduled to be operational in the fourth quarter of the year, to be followed by a 150 MW capacity in the middle of next year, and the third 150 MW in 2027.

Meanwhile, Applied Digital Corp. (NASDAQ:APLD) narrowed its net loss attributable to shareholders in the fourth quarter ending May 2025 by 16 percent to $53.9 million from $64.7 million in the same period last year. Total revenues increased by 41 percent to $38 million from $26.9 million year-on-year.