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Applied Digital (APLD) has raised $160 million in funding from Nvidia and other investors, as reported by WSJ. The financing round involved the issuance of 49 million shares at $3.24 each. Applied Digital, which leases out data-center space and has initiated an AI cloud-computing service using Nvidia chips, received significant backing from the artificial intelligence chip giant. The stock saw a 23.5% pre-market increase following the announcement.
Applied Digital, which leases out data-center space and has started an AI cloud-computing service with Nvidia chips, raised $160M from Nvidia and others (@asafitch / Wall Street Journal) https://t.co/HAxZ8n4Vdx š« Subscribe: https://t.co/OyWeKSQRTe https://t.co/Aha284WhmO
$APLD (+23.5% pre) $NVDA Nvidia and Other Investors Back Applied Digital With $160 Million in Funding - WSJ https://t.co/zD0KlUxbiu
Nvidia and Other Investors Back Applied Digital With $160 Million in Funding - WSJ Artificial-intelligence chip giant Nvidia is joining other investors in a $160 million financing round for Applied Digital APLD 2.86%increase; green up pointing triangle, a company that operatesā¦
