Applied Digital (APLD) stock has surged 540% over the past year and 88% so far this year as investors grow more bullish on the company’s expandi...

Applied Digital signed a 15-year, $7.5B lease for 300 MW at its Delta Forge 1 AI campus, pushing total contracted revenue past $23B. APLD shares rose 8%.

Applied Digital extended its rally after a $7.5 billion AI data center lease and continued infrastructure expansion.