SOTS 2nd Hour: Recession Odds Latest, Jefferies’ Volatility Playbook, and Applied Digital CEO Talks AI Demand 6/3/25
Squawk on the Street
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Future of Data Centers and AI Growth
This chapter explores a pivotal deal that secures the future of a struggling data center through a long-term agreement that replaces state credits. It delves into the rise of Applied Digital's share prices, driven by new lease agreements and the expansion of infrastructure in North Dakota, while also addressing the industry's shift from Bitcoin mining to high-performance computing. The discussion highlights the importance of innovative cooling technologies and the growing demand for AI capabilities, as well as the strategic decisions regarding data center locations to meet evolving tech needs.
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