Applied Digital Stock Surges 12% After Announcing Its Third AI Deal

On June 20, HPE announced its supercomputing-as-a-service offering, which allows customers to access supercomputing on the cloud, without building the infrastructure, to train and operate large language models. It is one of the last companies standing in the supercomputing arena according to industry publication HPC Wire, along with tech giants like Google, IBM (IBM), Intel (INTC) and Nvidia (NVDA).