Applied Digital Secures Major Lease Agreement with U.S.-Based Hyperscale Customer
Applied Digital (NASDAQ:APLD) has secured another major lease agreement with a U.S.-based investment-grade hyperscale customer, marking its fifth such deal in under a year. Analysts from Craig-Hallum and Lake Street raised their price targets on APLD shares following the announcement, citing strong commercial momentum and growing demand for Applied Digital's AI-focused infrastructure.
Tickers: $APLD
Topics: AI infrastructure data centers hyperscale customers lease agreements