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Times

Why Applied Digital Stock Rallied 50% on Monday

By Jose Najarro – Jun 3, 2025 at 9:00AM EST

Applied Digital announced a multibillion-dollar contract with CoreWeave.

In today's video, I discuss recent updates affecting Applied Digital (APLD +5.34%) and CoreWeave (CRWV +1.33%). To learn more, check out the short video, consider subscribing, and click the special offer link below.

*Stock prices used were the market prices of June 2, 2025. The video was published on June 2, 2025.

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About the Author

Jose Najarro
Jose Najarro enjoys investing in the tech market, more importantly, the semiconductor sector. Before partnering with the Fool, Jose worked as a Senior Electrical Engineer for General Dynamics, where he had first-hand experience seeing how emerging technology can change the world. Jose Najarro went to NJIT, receiving his Bachelor's and Master's degree in Electrical Engineering.
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Jose Najarro has positions in CoreWeave. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Applied Digital Stock Quote

Applied Digital

NASDAQ: APLD
$36.66 (+0.05%) $+1.86
CoreWeave Stock Quote

CoreWeave

NASDAQ: CRWV
$90.12 (+0.01%) $+1.18

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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