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Applied Digital shares rip 40% higher on CoreWeave AI lease agreement newsthirst.

Vcg | Visual China Group | Getty Images Shares of Applied Digital rose more than 40% after the company said it signed two long-term lease agreements with CoreWeave for artificial intelligence data centers. Nvidia-backed CoreWeave climbed more than 7% following the announcement. Financial terms of the two agreements were not provided, but Applied Digital said…

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Steel stocks surge after Trump doubles steel tariffs, Cleveland Cliffs jumps 25% newsthirst.

The Cleveland Cliffs Cleveland Works steel mill facility in Cleveland, Ohio, US, on Sunday, Oct. 20, 2024.  Dustin Franz | Bloomberg | Getty Images Major steel stocks jumped Monday following President Donald Trump hiked tariffs tied to the metal. Shares of mining company Cleveland-Cliffs popped roughly 25% in premarket trading following the announcement, while Steel…

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