Key Takeaways Applied Digital's CoreWeave lease deal secures $11B in projected revenues and de-risks its business.IREN targets$1.25B in annualized revenues, with $500M AI Cloud ARR expected by early fiscal 2026. APLD shares surged 49.7% in a month, outpacing IREN's 33% gain, signaling stronger investor momentum. Applied Digital (APLD) and IREN Limited (IREN) offer next-gen data center infrastructure targeting high-performance computing (HPC), artificial intelligence (AI) workloads and scalable computing. D ...