On May 26, Applied Digital rose 5.23% in pre-market trading, trading at $48.13 USD/share, with trading volume of approximately $10.22 million. The stock continues to benefit from the company's recently announced landmark lease agreement with a U.S. investment-grade hyperscaler for its fourth AI factory campus, Polaris Forge 3, located in a northern U.S. state.
The campus is designed to deliver 300MW of critical IT load supported by approximately 430MW of grid-connected utility power. This agreement brings Applied Digital's total contracted lease revenue across four AI Factory campuses to $31 billion, with potential to reach $73 billion if all renewal options are exercised. The broader AI infrastructure sector remains buoyant, with GPU rental prices rising amid tightening supply and major players such as SpaceX securing massive compute contracts, reinforcing strong demand for large-scale data center capacity.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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