3 hours ago 1

Applied Digital (APLD) Jumps 34% as HPC Firms Soar

Skip to navigation Skip to main content Skip to right column

Mon, Sep 15, 2025, 8:46 AM 1 min read

We recently published 10 Stocks That Made Millionaires in Just a Week. Applied Digital Corp. (NASDAQ:APLD) is one of the best performers in last week’s trading.

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.

Applied Digital (APLD) Jumps 34% as HPC Firms Soar

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.

While we acknowledge the potential of APLD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.