The company secured a long-term lease for its Polaris Forge 3 campus, a high-density AI data center designed to support large-scale compute workloads. The agreement covers 300 megawatts of critical IT load and is valued at roughly $7.5 billion over 15 years.The deal reinforces Applied Digital's push to position itself as a key infrastructure provider for artificial intelligence and high-performance computing.The latest development follows the early-May spin-off of its cloud business into ChronoScale Corporation, a Nasdaq-listed AI compute platform, as well as a $300 million Goldman Sachs-led financing facility to help fund expansion at its Polaris Forge 1 data center in North Dakota.APLD Technical Analysis: Trend, RSI And Key LevelsThe stock is significantly above its moving averages, with the 20-day simple moving average (SMA) at $38.93, indicating a bullish trend. The relative strength index (RSI) stands at 53.97, suggesting that the stock is in a neutral zone, neither overbought nor oversold, which could indicate potential for further upward movement.
Key Resistance: $47.79 — This level represents the 52-week high, which could act as a psychological barrier for traders.
Key Support: $38.93 — This aligns with the 20-day SMA, providing a potential cushion for the stock if it experiences a pullback.
