Hyperscaler

Applied Digital (APLD) secured a $5 billion, 15-year lease with a U.S. hyperscale data center operator for 200 MW capacity at its Polaris Forge 2 campus, bringing its total leased capacity to 600 MW. Despite the significant deal, APLD’s stock fell over 7%, although it’s still up nearly fourfold year-to-date. The agreement underscores the growing demand for AI infrastructure, with major cloud providers investing heavily. CEO Wes Cummins highlighted Microsoft, Meta, Oracle, Amazon, and Google as potential partners. Applied Digital’s 4 gigawatt active pipeline suggests further growth.

CoreWeave, the AI Hyperscaler, announces it is the first AI cloud provider to deploy NVIDIA’s latest GB300 NVL72 systems, promising significant performance boosts for AI reasoning and agentic workloads. This strategic move, supported by partnerships with Dell, Switch, and Vertiv, reinforces CoreWeave’s commitment to offering state-of-the-art AI infrastructure for global innovators.