The data center operator, Applied Digital, has inked two 15-year lease agreements with the cloud service provider CoreWeave, anticipated to yield a cumulative revenue of $7 billion for Applied Digital. Subsequent to this announcement, the company's share price witnessed an astonishing surge of over 48%. Applied Digital specializes in constructing large-scale data centers, offering computational power to AI and cloud computing enterprises. This strategic partnership is poised to solidify Applied Digital's standing in the competitive AI infrastructure landscape.