Applied Digital Stock Surges on New Major Lease Agreement
Shares of Applied Digital (NASDAQ: APLD) rose by over 21% after announcing a $7.5 billion, 15-year lease agreement with an undisclosed hyperscaler for its Polaris Forge 3 data center site. The deal mirrors a similar arrangement at Delta Forge 1 and is expected to support AI model training and inference workloads starting in August 2027.
Tickers: $APLD
Topics: AI infrastructure data centers hyperscalers lease agreements