• Applied Digital Corporation is trading 5.5% up at $45.05 in pre-market, driven by recent announcements of a $5.2 billion AI factory lease with a hyperscaler and a $1.59 billion senior secured notes offering for expansion.
  • The company continues to see strong interest in its high-performance computing (HPC) and crypto-related infrastructure offerings amidst a broader AI infrastructure rally and a risk-on market reaction to the U.S.–Iran peace deal.