Applied Digital Shares Rise After Major AI Infrastructure Deal
Applied Digital's stock surged 12.15% after announcing a 15-year lease agreement with a U.S. hyperscaler for its AI-focused data center, Delta Forge 1. The deal could be worth up to $7.5 billion and marks the company's second major contract with a hyperscaler, boosting its total contracted lease revenue to over $23 billion.
Tickers: $APLD
Topics: AI Cloud Computing Company News Contract Data Centers