The article discusses the significant rise in the stock price of Applied Digital, a company that provides cloud computing services and operates data centers. This surge was driven by Nvidia’s investment of $160 million in Applied Digital’s funding round. The investment from Nvidia, a leading manufacturer of graphics processing units (GPUs), highlights the growing demand for high-performance computing capabilities in areas such as artificial intelligence and machine learning. Applied Digital plans to use the funds to expand its data center operations and support the increasing computational needs of its customers. The article also mentions that Applied Digital’s stock price soared by over 30% following the announcement of Nvidia’s investment, reflecting investors’ optimism about the company’s growth prospects and its strategic partnership with a major player in the technology industry.