Applied Digital (NASDAQ: APLD) stock closed out Wednesday's trading with another day of explosive gains. The company's share price was up 29.6% at the end of the daily session. Applied Digital stock rocketed higher today after B.

Applied Digital (NASDAQ: APLD) has popped by over 32% as of writing. APLD stock is now up 160% over the past month, and this is mostly due to the company signing a deal with CoreWeave (NASDAQ: CRWV) for $7 billion. CRWV is also up over 10% so far today.

CoreWeave’s (CRWV) stock surged 25% on Tuesday and climbing another 5% pre-market, bringing its year-to-date gains to a staggering 276%, following news of a $7 billion infrastructure deal with Applied Digital.