Latest news with #AppliedDigital
Yahoo
9 hours ago
- Business
- Yahoo
Amazon pops on US-China talks, silver prices, Applied Digital gains
Yahoo Finance host Brad Smith tracks today's top moving stocks and biggest market stories in this Market Minute, including Amazon's (AMZN) stock boost following Presidents Trump and Xi Jinping phone call, silver (SI=F) prices move higher, and Applied Digital (APLD) extending its gains this week after signing a $7 billion AI infrastructure deal with CoreWeave (CRWV) Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. Sign in to access your portfolio
Yahoo
12 hours ago
- Business
- Yahoo
Nvidia-Backed CoreWeave Extends Record Rally Into Wednesday
CoreWeave shares extended a recent rally into Wednesday morning, after gaining 25% in Tuesday's session. The AI cloud provider announced an agreement to lease data center space from Applied Digital earlier this week. CoreWeave shares have roughly tripled in value over the last of CoreWeave (CRWV) extended their recent rally into Wednesday morning after closing at a record $150.48 on Tuesday. The stock surged 25% Tuesday, a day after the announcement of an agreement to lease data center space from Applied Digital (APLD). The companies, both backed by AI giant Nvidia (NVDA), said Monday that CoreWeave has signed a pair of 15-year deals to lease the space at Applied Digital's North Dakota facility for about $7 billion in total. CoreWeave debuted on the market near the end of March, trading around its IPO price until its first earnings report in mid-May, when the AI cloud provider started to rally. Shares have roughly tripled in value over the last month, going from a May 2 close of $51.57 ending Tuesday's session over $150. CoreWeave shares were up 1% in early trading Wednesday to $153. Read the original article on Investopedia Sign in to access your portfolio
Yahoo
15 hours ago
- Automotive
- Yahoo
Trending tickers: The latest investor updates on Tesla, Applied Digital, Wise, Wizz Air and Dr Martens
Sales of Tesla (TSLA) vehicles in the UK fell by more than third in May, according to data released by the Society of Motor Manufacturers and Traders (SMMT) on Thursday. SMMT said that registrations of Tesla vehicles fell by 36% year-on-year in May to 2,016 cars. That's despite an increase in sales of battery electric vehicles (BEV) overall last month, with registrations up nearly 26% year-on-year to 32,738 units. This follows data released at the start of the week, which showed that Tesla new car sales fell in Spain and Portugal in May, compared to the same month last year. Read more: FTSE 100 LIVE: Stocks rise as traders await ECB interest rate decision Meanwhile, figures published by the European Automobile Manufacturers' Association (ACEA) last week showed that sales of Tesla vehicles dropped across Europe by 49% to 7,261 units in April. Sales have fallen as CEO Elon Musk faced backlash for his role heading up US president Donald Trump's Department of Government Efficiency (DOGE), though the billionaire confirmed he was leaving his role advising the Trump administration last week. Following his exit from Washington DC, Musk has ramped up his criticism of Trump's tax bill this week. "Call your Senator, Call your Congressman, Bankrupting America is NOT ok! KILL the BILL," Musk posted on X on Wednesday. Shares in Tesla were down 2% in pre-market trading on Thursday and are down nearly 7% over the past five days. Shares in Applied Digital (APLD) continued to rally in Wednesday's session, closing 29% higher and were up 4.5% in pre-market trading on Thursday. The jump in Applied Digital (APLD) shares come after the company announced a $7bn ($5.2bn) deal with CoreWeave (CRWV), the cloud services provider backed by Nvidia (NVDA). Read more: Oil prices rise despite oversupply concerns Applied Digital, which designs and operates digital infrastructure, announced on Monday that it had entered into two approximately 15-year lease agreements with CoreWeave. Under the agreement, Applied Digital will deliver 250 megawatts of critical IT load to host CoreWeave's AI and high-performing computing (HPC) infrastructure at its Ellendale, North Dakota data center campus. Applied Digital said it anticipating generating approximately $7bn in total revenue from the leases. Fintech firm Wise (WISE.L) announced on Thursday that it planned to switch its primary listing from the UK to the US, in another blow to the London market. Wise CEO Kristo Käärmann said that the company now planned to dual list its shares in the US and UK. "We believe the addition of a primary US listing would help us accelerate our mission and bring substantial strategic and capital market benefits to Wise and our Owners," he said. Read more: Stocks that are trending today Russ Mould, investment director at AJ Bell (AJB.L), said: "The UK stock market is like a boxer determined to keep going in a gruelling fight. While the FTSE 100's (^FTSE) share price performance might have beaten the main US indices this year, the broader UK stock market continues to take a succession of blows to the head from a reputational perspective." "Although subject to a shareholder vote, it seems unlikely Wise will receive widespread opposition if it means the shares could be worth more in the future," he said. In addition, metals investor Cobalt Holdings said on Wednesday that it would not go ahead with its planned initial public offering on the London Stock Exchange. Shares in FTSE 250-listed (^FTMC) airline Wizz Air dived 27% on Thursday morning, following the release of its final full-year results. Wizz Air posted a nearly 62% drop in operating profit for the 2025 fiscal year, at €167.5m (£140.96m), while net profit was down 41.5% to €213.9m. The airline said its 2025 results had been impacted by groundings of its planes related to engine issues. In addition, Wizz Air said it was not giving guidance for the 2026 fiscal year "given the lack of visibility across our trading seasons". Stocks: Create your watchlist and portfolio Garry White, chief investment commentator at Charles Stanley, said: "The company is facing rising costs after grounding a significant proportion of its aircraft due to problems with Pratt & Witney engines. "The tone of the statement, however, was upbeat. Despite its many challenges, the airline remains profitable — and the number of grounded aircraft will start reducing in both absolute and relative terms in the current financial year." "Two of the airline's key markets — Ukraine and Israel — are in crisis, so its operations will continue to be negatively impacted by the situations there," he added. "It could be some time before services in these markets return to normal. "Nevertheless, the current financial year looks set to see an improvement, as the grounding issue is slowly resolved." Shares in Dr Martens (DOCS.L) were up 18% on Thursday morning, after the iconic boot brand revealed an update to its business strategy, as recently appointed CEO Ije Nwokorie looks to turn around the business. In its final full-year 2025 results, released on Thursday, Dr Martens posted group revenue of £787.6m ($1.07bn), which was down 10% year-on-year on a reported basis but was in line with expectations. Reported profit before tax of £8.8m was down from £93m in 2024. However, Nwokorie said the company's new "Levers for Growth" strategy would increase "opportunities by shifting the business from a channel-first to a consumer-first mindset". Read more: UK 'bargain' stocks that have outperformed the market long-term "We will give more people more reasons to buy more of our products, whether that's our iconic boots and shoes, newer product families such as Zebzag and Buzz, or adjacent categories such as sandals, bags and leather goods," he said. "And we will tailor distribution to each market, blending DTC (direct-to-consumer) and B2B (business-to-business), optimising brand reach and ensuring a better use of capital." On the back of this strategy, the company said that over the medium-term, it expected to deliver "sustainable, profitable revenue growth above the rate of the relevant footwear market, with operating leverage driving a mid to high-teens EBIT (earnings before interest and tax) margin." AJ Bell's Mould said: "Dr Martens is on the front foot with a strategy that seeks to kick out the troubles of old and return the business to profitable growth. This should shift the market's focus from earlier problems in the US and a sharp drop in earnings to a business intent on regaining its power." Young's & Co Brewery (YNGN.L) Fevertree (FEVR.L) Fastenal (FAST) DocuSign (DOCU) CMC Markets (CMCX.L) Read more: How next week's spending review could impact your finances What is the Pension Investment Review? Bank of England governor expects interest rates and pay to decrease this yearError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15 hours ago
- Automotive
- Yahoo
Trending tickers: The latest investor updates on Tesla, Applied Digital, Wise, Wizz Air and Dr Martens
Sales of Tesla (TSLA) vehicles in the UK fell by more than third in May, according to data released by the Society of Motor Manufacturers and Traders (SMMT) on Thursday. SMMT said that registrations of Tesla vehicles fell by 36% year-on-year in May to 2,016 cars. That's despite an increase in sales of battery electric vehicles (BEV) overall last month, with registrations up nearly 26% year-on-year to 32,738 units. This follows data released at the start of the week, which showed that Tesla new car sales fell in Spain and Portugal in May, compared to the same month last year. Read more: FTSE 100 LIVE: Stocks rise as traders await ECB interest rate decision Meanwhile, figures published by the European Automobile Manufacturers' Association (ACEA) last week showed that sales of Tesla vehicles dropped across Europe by 49% to 7,261 units in April. Sales have fallen as CEO Elon Musk faced backlash for his role heading up US president Donald Trump's Department of Government Efficiency (DOGE), though the billionaire confirmed he was leaving his role advising the Trump administration last week. Following his exit from Washington DC, Musk has ramped up his criticism of Trump's tax bill this week. "Call your Senator, Call your Congressman, Bankrupting America is NOT ok! KILL the BILL," Musk posted on X on Wednesday. Shares in Tesla were down 2% in pre-market trading on Thursday and are down nearly 7% over the past five days. Shares in Applied Digital (APLD) continued to rally in Wednesday's session, closing 29% higher and were up 4.5% in pre-market trading on Thursday. The jump in Applied Digital (APLD) shares come after the company announced a $7bn ($5.2bn) deal with CoreWeave (CRWV), the cloud services provider backed by Nvidia (NVDA). Read more: Oil prices rise despite oversupply concerns Applied Digital, which designs and operates digital infrastructure, announced on Monday that it had entered into two approximately 15-year lease agreements with CoreWeave. Under the agreement, Applied Digital will deliver 250 megawatts of critical IT load to host CoreWeave's AI and high-performing computing (HPC) infrastructure at its Ellendale, North Dakota data center campus. Applied Digital said it anticipating generating approximately $7bn in total revenue from the leases. Fintech firm Wise (WISE.L) announced on Thursday that it planned to switch its primary listing from the UK to the US, in another blow to the London market. Wise CEO Kristo Käärmann said that the company now planned to dual list its shares in the US and UK. "We believe the addition of a primary US listing would help us accelerate our mission and bring substantial strategic and capital market benefits to Wise and our Owners," he said. Read more: Stocks that are trending today Russ Mould, investment director at AJ Bell (AJB.L), said: "The UK stock market is like a boxer determined to keep going in a gruelling fight. While the FTSE 100's (^FTSE) share price performance might have beaten the main US indices this year, the broader UK stock market continues to take a succession of blows to the head from a reputational perspective." "Although subject to a shareholder vote, it seems unlikely Wise will receive widespread opposition if it means the shares could be worth more in the future," he said. In addition, metals investor Cobalt Holdings said on Wednesday that it would not go ahead with its planned initial public offering on the London Stock Exchange. Shares in FTSE 250-listed (^FTMC) airline Wizz Air dived 27% on Thursday morning, following the release of its final full-year results. Wizz Air posted a nearly 62% drop in operating profit for the 2025 fiscal year, at €167.5m (£140.96m), while net profit was down 41.5% to €213.9m. The airline said its 2025 results had been impacted by groundings of its planes related to engine issues. In addition, Wizz Air said it was not giving guidance for the 2026 fiscal year "given the lack of visibility across our trading seasons". Stocks: Create your watchlist and portfolio Garry White, chief investment commentator at Charles Stanley, said: "The company is facing rising costs after grounding a significant proportion of its aircraft due to problems with Pratt & Witney engines. "The tone of the statement, however, was upbeat. Despite its many challenges, the airline remains profitable — and the number of grounded aircraft will start reducing in both absolute and relative terms in the current financial year." "Two of the airline's key markets — Ukraine and Israel — are in crisis, so its operations will continue to be negatively impacted by the situations there," he added. "It could be some time before services in these markets return to normal. "Nevertheless, the current financial year looks set to see an improvement, as the grounding issue is slowly resolved." Shares in Dr Martens (DOCS.L) were up 18% on Thursday morning, after the iconic boot brand revealed an update to its business strategy, as recently appointed CEO Ije Nwokorie looks to turn around the business. In its final full-year 2025 results, released on Thursday, Dr Martens posted group revenue of £787.6m ($1.07bn), which was down 10% year-on-year on a reported basis but was in line with expectations. Reported profit before tax of £8.8m was down from £93m in 2024. However, Nwokorie said the company's new "Levers for Growth" strategy would increase "opportunities by shifting the business from a channel-first to a consumer-first mindset". Read more: UK 'bargain' stocks that have outperformed the market long-term "We will give more people more reasons to buy more of our products, whether that's our iconic boots and shoes, newer product families such as Zebzag and Buzz, or adjacent categories such as sandals, bags and leather goods," he said. "And we will tailor distribution to each market, blending DTC (direct-to-consumer) and B2B (business-to-business), optimising brand reach and ensuring a better use of capital." On the back of this strategy, the company said that over the medium-term, it expected to deliver "sustainable, profitable revenue growth above the rate of the relevant footwear market, with operating leverage driving a mid to high-teens EBIT (earnings before interest and tax) margin." AJ Bell's Mould said: "Dr Martens is on the front foot with a strategy that seeks to kick out the troubles of old and return the business to profitable growth. This should shift the market's focus from earlier problems in the US and a sharp drop in earnings to a business intent on regaining its power." Young's & Co Brewery (YNGN.L) Fevertree (FEVR.L) Fastenal (FAST) DocuSign (DOCU) CMC Markets (CMCX.L) Read more: How next week's spending review could impact your finances What is the Pension Investment Review? Bank of England governor expects interest rates and pay to decrease this yearError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18 hours ago
- Business
- Yahoo
Why Applied Digital Stock Skyrocketed Again Today
Applied Digital stock is seeing strong momentum following the announcement of the company's big deal with CoreWeave. B. Riley raised its one-year price target on Applied Digital stock from $8 to $15 per share today. Applied Digital expects to generate $7 billion in revenue over 15 years through its contracts with CoreWeave. 10 stocks we like better than Applied Digital › Applied Digital (NASDAQ: APLD) stock closed out Wednesday's trading with another day of explosive gains. The company's share price was up 29.6% at the end of the daily session. Applied Digital stock rocketed higher today after B. Riley published new coverage on the company and dramatically increased its one-year valuation forecast. Investors are feeling bullish after the data-center specialist announced a major new deal with CoreWeave. Applied Digital stock is now up roughly 78% over the last week of trading. Before the market opened this morning, B. Riley reiterated a buy rating on Applied Digital and delivered a huge price-target increase for the stock. The investment firm raised its one-year price forecast from $8 per share to $15 per share following news that Applied Digital has signed a large contract with CoreWeave. At today's closing price, Applied Digital would have to rise roughly 13% higher to hit B. Riley's price target. On Monday, Applied Digital announced that it had entered into agreements to two 15-year lease agreements with CoreWeave. Applied Digital will provide data center and artificial intelligence (AI) processing hardware and services through the lease, and is expected to see approximately $7 billion in revenue from the deal. Applied Digital is restructuring some aspects of its business, but the company's recently announced deal with CoreWeave has quickly shifted the story surrounding the stock. While the company is valued at roughly $3 billion on the heels of its latest valuation run-up, having roughly $7 billion in sales already contracted for over the next 15 years establishes an encouraging performance floor. And in addition to the future sales contribution, CoreWeave's endorsement is also an encouraging sign. Before you buy stock in Applied Digital, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Applied Digital wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $656,825!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $865,550!* Now, it's worth noting Stock Advisor's total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Applied Digital Stock Skyrocketed Again Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
