Stock Movers Nuclear Stocks Jump ; Applied Digital Soars; Credo Technology Surges
Jun 3, 2025
A fascinating energy deal is underway as Constellation Energy teams up with Meta, aiming to boost nuclear power in Illinois. Meanwhile, Applied Digital's stock skyrockets by 45% after leasing agreements, energizing the tech sector and CoreWeave's shares. Plus, Credo Technology impresses with a revenue surge, lifting its stock by 13%. Tune in for insights on these significant market movements!
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Constellation Energy's Nuclear Deal Insight
- Constellation Energy secured a 20-year contract to supply Meta Platforms with nuclear power from an Illinois plant.
- This deal highlights tech companies' increasing energy demands for AI and renewable power sources.
Applied Digital's Surge from AI Lease
- Applied Digital shares soared 45% after signing a $7 billion, 15-year data center lease with CoreWeave.
- This surge reflects investors' optimism around AI-focused cloud computing growth.
Credo Tech's AI Growth Momentum
- Credo Technology beat revenue estimates by growing its business with hyperscale AI customers like Amazon, XAI, and Microsoft.
- The CEO expects continued growth driven by AI service demand.