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Applied Digital

All articles tagged with #applied digital

Ancient Steam Turbines Fast-Track AI Data-Center Capacity
technology1 month ago

Ancient Steam Turbines Fast-Track AI Data-Center Capacity

Applied Digital plans to power AI data centers with natural-gas-fired steam turbines from Babcock & Wilcox to bypass a looming gas-turbine delivery bottleneck, enabling earlier capacity. The company is targeting 1 GW online now and 5 GW in five years, with 2028 as the planned online window for the steam-turbine plants and a 15-year lease for 200 MW at Polaris Forge 2. Siemens Energy will supply the turbine-gen sets, and the move could give Applied Digital a multi-year lead over competitors by delivering capacity years earlier than traditional turbines—though growth hinges on turbine availability and power generation expansion.

via The Motley Fool|
#ai-data-centers#applied-digital#babcock-and-wilcox
Applied Digital Shares Surge on Strong Q2 Results and Expansion Talks
business1 month ago

Applied Digital Shares Surge on Strong Q2 Results and Expansion Talks

Applied Digital reported a significant increase in revenue to $126.6 million, a 250% rise year-over-year, and reduced net losses, highlighting progress in their data center projects and strategic financing efforts, including a $2.35 billion private notes offering and new lease agreements with hyperscalers, positioning the company for substantial growth in AI infrastructure.

via Applied Digital Corporation (APLD)|
#ai-infrastructure#applied-digital#business
Applied Digital Plans Cloud Spin-Out and EKSO Partnership for ChronoScale Launch
business1 month ago

Applied Digital Plans Cloud Spin-Out and EKSO Partnership for ChronoScale Launch

Applied Digital and EKSO announced a non-binding agreement to combine their cloud and exoskeleton businesses to form ChronoScale, a platform focused on high-performance GPU infrastructure for AI workloads, aiming to meet growing demand for specialized AI compute solutions. The transaction is expected to close in the first half of 2026, with Applied Digital owning about 97% of the new company.

via Applied Digital Corporation (APLD)|
#ai-workloads#applied-digital#business
Jensen Huang Highlights U.S. Data Center Demand and Nvidia's AI Leadership
business4 months ago

Jensen Huang Highlights U.S. Data Center Demand and Nvidia's AI Leadership

The article discusses the booming demand for data centers driven by AI growth, highlighting Nvidia's GPU sales and the strategic expansion of Applied Digital, a company building digital infrastructure. Despite high valuations, Applied Digital's recent strong earnings and analyst support suggest it is a promising stock to buy to capitalize on the AI-driven data center expansion.

via Barchart.com|
#ai-infrastructure#applied-digital#business
Stock Market Gains as Applied Digital and Levi Strauss Lead Premarket Moves
stock-market4 months ago

Stock Market Gains as Applied Digital and Levi Strauss Lead Premarket Moves

The stock market saw slight gains with AI-related stocks like Applied Digital surging after strong earnings, while Oracle approached a buy point. Major indexes rose modestly, and geopolitical tensions influenced some tech stocks, with China opening antitrust probes into Qualcomm and Nvidia. Federal Reserve officials signaled cautious rate cuts amid ongoing economic considerations.

via Investor's Business Daily|
#ai-stocks#applied-digital#china-antitrust
Applied Digital and CoreWeave secure major data center deals boosting stock
business8 months ago

Applied Digital and CoreWeave secure major data center deals boosting stock

Applied Digital and CoreWeave's stocks surged following a 15-year data center deal supporting CoreWeave's AI capabilities, with Applied Digital expecting to generate around $7 billion from the lease agreements. Meanwhile, Palantir reached a record high but declined due to weak US industrial data, highlighting its high valuation and market sentiment-driven trading.

via Sherwood News|
#ai#applied-digital#business