These 10 Stocks Blew Past Expectations

2. Applied Digital Corporation (NASDAQ:APLD)

Applied Digital saw its share prices increase by 48.46 percent on Monday to close at $10.14 apiece after clinching a $7-billion deal with CoreWeave.

In a statement, Applied Digital Corporation (NASDAQ:APLD) said that it entered into two 15-year lease agreements with CoreWeave, under which the former will deliver 250 megawatts of critical IT load to host CoreWeave’s artificial intelligence (AI) and high-performance computing (HPC) infrastructure at its Ellendale, North Dakota data center campus.

Pursuant to the lease contracts, CoreWeave also retains the option to access an additional 150 MW of critical IT load at Ellendale, positioning the campus as a scalable hub for expanding AI and HPC workloads.

Applied Digital Corporation (NASDAQ:APLD) designed Ellendale for the speed and efficiency of deployment, prime location, AI-innovative design, and access to abundant, low-cost energy. It expects to deliver the first 100 MW of data center in the fourth quarter of the year, while the remaining 150 MW is expected to come online in the middle of 2026.