The shares of Applied Digital Corporation (NASDAQ: APLD) demonstrated a notable surge during the weekend trading session, culminating in a 16.87% increase to reach $6.58 by the close of the Friday session. Despite the absence of recent news, a comprehensive understanding of APLD can be gleaned by examining its recent developments.
In a noteworthy development, Applied Digital (APLD) marked the energization of its 200-megawatt (MW) facility in Garden City, Texas, with a ribbon-cutting ceremony held on December 6, 2023. The event, attended by Garden City officials and Applied Digital leadership, served as a significant milestone in APLD’s strategic endeavors to meet the escalating demand for cost-effective and scalable digital infrastructure.
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The ceremony provided attendees with the opportunity to interact with Applied Digital executives, explore the state-of-the-art facility, and appreciate its distinctive design. The activation of the data center stands as a testament to APLD’s unwavering commitment to delivering innovative digital infrastructure solutions tailored for high-performance computing. This extends to the redefinition of conventional data centers, encompassing existing blockchain hosting operations and other High-Performance Computing (HPC) applications.
Additionally, APLD recently entered into a collaborative partnership with WekaIO (WEKA), a leading data platform software provider catering to Artificial Intelligence (AI) and other computationally intensive workloads. This collaboration involves Applied Digital working alongside WEKA to implement an accelerated software architecture supporting its recently launched AI Cloud Service.
APLD is diligently developing a turnkey solution that empowers enterprise clients to seamlessly acquire and utilize Graphics Processing Unit (GPU) resources on-demand and at scale across its array of data centers. This offering is geared towards AI model training and inference within virtualized, bare-metal, and containerization environments.
Artificial Intelligence (AI) represents a significant business frontier, where enterprises are eager to harness its potential for creating new value propositions, enhancing operational efficiencies, and expediting research and development processes. Nonetheless, the exorbitant costs and complexities associated with owning and managing extensive GPU arrays for AI applications present a formidable barrier. Consequently, enterprises turn to service providers like Applied Digital to access cloud resources that support AI and HPC workloads.
Notably, Applied Digital’s clientele utilizes some of the world’s largest GPU clusters, with ambitious plans to scale up to 10,000 GPUs or more per cluster. Such endeavors necessitate data access speeds exceeding one terabyte per second.
