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An update from Applied Digital Corporation ( (APLD) ) is now available.
On October 22, 2025, Applied Digital Corporation announced a significant lease agreement with a U.S. based investment-grade hyperscaler at its Polaris Forge 2 Campus in North Dakota. This agreement, valued at approximately $5 billion over 15 years, will provide 200 megawatts of critical IT capacity to support AI and HPC infrastructure, with potential for expansion. This development strengthens Applied Digital’s position as a leading builder of AI infrastructure, with a total leased capacity of 600 MW across its North Dakota campuses. The company’s rapid growth and strategic partnerships are reshaping the AI infrastructure landscape, as evidenced by its recent achievements and industry recognitions.
The most recent analyst rating on (APLD) stock is a Buy with a $44.00 price target. To see the full list of analyst forecasts on Applied Digital Corporation stock, see the APLD Stock Forecast page.
Spark’s Take on APLD Stock
According to Spark, TipRanks’ AI Analyst, APLD is a Neutral.
The overall stock score of 53 reflects a company with strong technical momentum but significant financial challenges. The most impactful factor is the poor financial performance, with ongoing losses and cash flow inefficiencies. While technical indicators are positive, the valuation is unattractive due to negative earnings. The company’s strategic positioning in AI infrastructure offers long-term potential, but short-term financial and operational hurdles weigh heavily on the score.
To see Spark’s full report on APLD stock, click here.
More about Applied Digital Corporation
Applied Digital Corporation, headquartered in Dallas, TX and founded in 2021, operates in the data center industry, designing and building high-performance, sustainably engineered data centers and colocation services for artificial intelligence, cloud, networking, and blockchain workloads. The company is recognized for its hyperscale expertise, proprietary waterless cooling, and rapid deployment capabilities, aiming to deliver secure and scalable compute efficiently while fostering economic opportunities in underserved communities.
Average Trading Volume: 32,465,514
Technical Sentiment Signal: Buy
Current Market Cap: $10.04B
For an in-depth examination of APLD stock, go to TipRanks’ Overview page.