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Applied Digital Stock Soars 393% Amid $11B Lease Deal

10/15/2025

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Story summary
  • Applied Digital's stock rose 393% in 2025, signaling investor enthusiasm.
  • The rise followed strong revenue growth and an expanded $11 billion lease with CoreWeave.
  • The company posted a $0.03 adjusted loss per share.
  • Applied Digital raised $362.5 million in financing.
  • The financing supports the Polaris Forge 2 campus in North Dakota.