Can Applied Digital's AI Infrastructure Push Fuel Revenue Growth?
APLD moves forward on its AI infrastructure roadmap as Polaris Forge builds out and leasing activity supports growth.
Applied Digital Is A Sleeping Data Center Giant
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.
Should You Hold APLD at 16.8x P/E? 3 Reasons Despite the Premium
Applied Digital's valuation, rising AI-focused buildout and strong YTD move highlight the company's evolving positioning in the data-center market.
Applied Digital Q1: The Once-In-A-Generation Breakout Begins
Applied Digital Corporation reported Q1 '26 results well above expectations, driven by tenant fit-out revenue for CoreWeave and rapid AI data center expansion. APLD's transformation from crypto hosting to AI infrastructure has fueled a 29,000% five-year stock gain, with recent momentum from major lease deals and Macquarie financing. Key investment theses include accelerating revenue from fit-out work, execution on large-scale projects, and customer diversification with a new hyperscaler lease.
How Applied Digital Reinvented Itself
Applied Digital evolved from Bitcoin hosting to AI infrastructure, securing $16 billion in hyperscale leases across 600 MW of capacity. Fiscal Q1 2026 revenue jumped 84% to $64.2 million, signaling strong execution ahead of high-margin lease activation. The $5 billion Macquarie partnership enables $25 billion in scalable AI factory development without shareholder dilution.
Will Applied Digital's Pivot to AI Infrastructure Broaden Its Revenue Base?
APLD deepens its AI pivot with new data centers and long-term leases, aiming to replace crypto-driven volatility.
Applied Digital: Powering The AI Boom
Applied Digital Corporation (APLD) is positioned as a key AI infrastructure provider, with rapid expansion and major contracts like CoreWeave driving long-term growth. APLD's revenue is set to surge as contracted capacity comes online, with 15-year agreements ensuring stable cash flows and supporting a bullish investment thesis. Valuation remains attractive, with a 36-month price target of $40–$45 per share, though execution risks and customer concentration warrant ongoing monitoring.
Applied Digital inks $5B, 15-year lease with US hyperscaler for North Dakota AI campus
Applied Digital (NASDAQ:APLD) announced a lease agreement valued at approximately $5 billion with a US-based investment-grade hyperscaler for its upcoming Polaris Forge 2 Campus near Harwood, North Dakota. The 15-year agreement covers 200 megawatts (MW) of critical IT capacity designed to support artificial intelligence (AI) and high-performance computing (HPC) infrastructure.
Applied Digital Jumps 47% in a Month: Buy, Sell or Hold the Stock?
APLD's shares surge nearly 47% in a month as booming AI infrastructure demand and a billion-dollar CoreWeave deal fuel optimism.
Applied Digital: I See No Froth
Applied Digital is rated a buy, driven by robust AI compute demand and aggressive data center expansion. APLD's revenue surged 84% year-over-year, with Polaris Forge 1 fully leased and Polaris Forge 2 already breaking ground. Strategic North Dakota location offers abundant, low-cost energy and climate advantages, lowering operating costs and boosting margins.
Applied Digital: The Overlooked Powerhouse Behind The AI Boom
Applied Digital transformed from a blockchain host into an AI infrastructure utility, constructing and leasing hyperscale GPU data centers nationwide. The $11 billion CoreWeave lease covers 400 MW at Polaris Forge 1, ensuring 15 years of recurring, inflation-indexed revenue. Q1 FY2026 revenue rose 84% year-over-year to $64.2 million, driven by tenant fit-out progress and full hosting utilization.
After Big Rally, What's Next For Applied Digital Stock?
Applied Digital (NASDAQ:APLD) is a digital infrastructure company that designs, constructs, and operates AI-first data centers and high-performance computing (HPC) facilities. The stock has increased by nearly 20% over the past five trading days, maintaining an approximate gain of 330% year-to-date.
