Applied Digital Signs $180M AI Cloud Service Agreement

(24/7 MARKET NEWS) – Applied Digital Corporation (Nasdaq:APLD) announced, this morning, that secured its first major AI customer with an agreement worth up to $180 million over a 24-month period, for its recently launched AI Cloud Service, through its wholly-owned subsidiary Sai Computing.

Applied Digital is trading at $3.85, up $0.435 (+12.73%) 6K premarket shares traded.

Its 52-week range is $0.85 to $5.00. If its trading volume is strong, it could hit a new 52-week high on this news.

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