Applied Digital's stock experienced dramatic growth, doubling in value following a $7 billion AI data center partnership with CoreWeave. Initially, CoreWeave's IPO faced skepticism, plummeting to $33, but it eventually surged past $100, boosting enthusiasm for its partnerships, especially with Applied Digital. Although APLD has dealt with operational challenges and high short interest, the sentiment surrounding its recent collaboration has become overwhelmingly bullish, indicating a positive shift in investor perception and potential for growth in the AI sector.
CoreWeave's IPO generated significant market enthusiasm, overcoming initial skepticism as its price surged, benefiting partner companies like Applied Digital whose shares skyrocketed.
Despite prior challenges and volatility in numerous stocks, investor sentiment has increasingly shifted to a bullish stance for Applied Digital post-CoreWeave's partnership announcement.
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