"We are a winner, sir. It was on our show that we pitched it, but yeah. This, this has been a huge, huge gain for us, and, and we, when we first started discussing it, remember these guys used to be crypto miners and then, you know, crypto mining was a, a pretty hot game about 10 years ago, but that, that, too many people got into that game. So they went into AI, they went into data centers,"
"and they signed a huge deal with CoreWeave that was just absolutely gigantic. And I think I have the numbers still here. Yeah, the CoreWeave deal for them is 11 billion in revenues, you know over a five to seven year period. But that is huge. And interestingly enough, a company that owns 7.7 million shares of Applied Digital. That's right Nvidia. It's one of their six or seven holdings. Which they've had and still had at the end of the quarter."
Applied Digital shifted from crypto mining into AI and data center operations. The company signed an $11 billion revenue deal with CoreWeave spanning five to seven years. Nvidia owned 7.7 million shares and listed Applied Digital among several holdings at quarter end. Share price history shows discussion at $5–$6 earlier this year, a rise into the low teens, a pullback, and a subsequent surge toward all-time highs near $27–$27.50. Limited seller resistance exists above the prior high, suggesting a breakout could face few immediate sell levels. Some investors prefer waiting for a pullback before entering. Applied Digital offers a lower-priced alternative to buying Nvidia shares priced near $183.
Read at 24/7 Wall St.
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