Applied Digital Hits All-Time High as AI Lease Revenues Reach $73 Billion
Shares of Applied Digital (NASDAQ:APLD) surged to an all-time high following a new data center lease agreement with the potential to generate up to $73 billion in total leasing revenues. The deal involves Polaris Forge 3 and expands on its partnership with a US-based hyperscaler, potentially bringing in $18.2 billion if renewal options are exercised.
Tickers: $APLD
Topics: AI infrastructure data centers lease agreements stock performance