CoreWeave, Applied Digital Lease Agreements

This is a news story, published by CNBC, that relates primarily to Applied Digital news.

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CoreWeave shares

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Applied Digital data center campus

CNBC

•

Technology

Applied Digital shares rip 40% higher on CoreWeave AI lease agreement

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Nvidia-backed CoreWeave and Applied Digital have signed two long-term lease agreements for artificial intelligence data centers.

Financial terms of the two agreements were not provided, but Applied Digital said it expects $7 billion in total revenue over the approximately 15-year period.

The company rents AI servers powered by Nvidia chips, started trading at $ 39 on March 28 .

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formal

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English

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