Applied Digital (APLD) Stock Jumps on Corintis Deal: Fresh AI Data‑Center Milestones and 2026–2030 Forecasts Explained
Applied Digital announced a $25 million investment in Swiss chip-cooling firm Corintis on December 2, sending its shares up 5–6% intraday. The stock traded near $29.80, valuing the company at $8–8.5 billion, up nearly 200–270% over the past year. Corintis develops liquid-cooling technology for AI data centers, with Microsoft among early testers.