AdvertisementAdvertisementBusiness09 Apr 2026 04:08AM (Updated: 09 Apr 2026 04:16AM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST April 8 : Applied Digital on Wednesday beat estimates for quarterly revenue, driven by strong demand for its data center services from enterprises to support a boom in generative AI applications.Big tech and AI companies are racing to lock in power and data center capacity, signing long-term deals worth billions of dollars as demand for AI computing surges.The rapid rise of AI is reshaping data center design, driving demand for facilities that can handle soaring power and cooling needs. The shift favors Applied Digital, which expects hyperscalers to pour more than $400 billion annually into infrastructure.In 2025 alone, companies announced 17 major high-performance computing deals worth more than $70 billion, according to B. Riley Securities analysts, underscoring the scale of investment flowing into AI infrastructure.The company's third-quarter revenue rose 139 per cent to $126.6 million, compared with analysts' estimates of $76.6 million, according to data compiled by LSEG.Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST