Applied Digital

APLD

Market cap $7.55B

Shares of Applied Digital NASDAQ: APLD rose by 12.8% on Nov. 24, a significant move that caught the attention of investors in the artificial intelligence (AI) sector. This was not a rally based on hype, but a direct market reaction to a tangible achievement: the company announced that its first 100-megawatt (MW) building at the Polaris Forge 1 campus in North Dakota is officially Ready for Service (RFS).

The evolution of artificial intelligence (AI) is tied to physical infrastructure. Every breakthrough in AI models, training speeds, and inference workloads requires massive amounts of power, cooling, and compute capacity.

The recent artificial intelligence (AI) sell-off has created attractive entry points in names ranging from chipmakers to data center operators. Infrastructure plays like CoreWeave and Nebius have pulled back sharply despite locking in tens of billions in hyperscaler contracts.

November was a challenging month for stocks, as macroeconomic concerns and concerns about an AI bubble weighed on prices. Most S&P 500 NYSEARCA: SPY stocks moved lower, but there is good news.

Second 50 MW Phase Delivered on Time, Bringing Energized Capacity to 100 MW and Advancing Applied Digital's AI Factory Campus Toward 400 MW Second 50 MW Phase Delivered on Time, Bringing Energized Capacity to 100 MW and Advancing Applied Digital's AI Factory Campus Toward 400 MW

APLD's new Polaris Forge 2 campus targets gigawatt-scale AI infrastructure as rising demand meets development constraints.

Applied Digital Corporation  (NASDAQ: APLD) shares are trading lower on Thursday. Some analysts believe the reversal in NVIDIA Corporation (NASDAQ: NVDA) after its strong earnings report is the reason for the move.

Shares of AI data center and high-performance computing stocks are climbing after Wednesday's closing bell following a blockbuster third-quarter earnings report from NVIDIA Corp. (NASDAQ: NVDA).

APLD moves forward on its AI infrastructure roadmap as Polaris Forge builds out and leasing activity supports growth.

Applied Digital (APLD) is positioned at the heart of the AI-driven data center infrastructure boom, with long-term leases fueling explosive growth. APLD's recent contracts provide strong revenue visibility, short payback periods, and minimal financing needs, supporting a credible path to $100 per share. With $3 billion in projected annual revenue by 2030 and robust margins, APLD offers high-visibility upside from its current ~$23.50 price, justifying a Buy rating.