Applied Digital Continues Growth Trend After AI Mega Deal
Long-term contracts provide security
Bullish comments from semiconductor companies confirm high demand
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Applied Digital (APLD) is now very likely to attempt to continue the trend for several reasons: The record quarter with a revenue increase of 139% impressively showcases the new growth phase focused on leased AI data centers. The spin-off of the low-margin cloud GPU business is a sensible move, maintaining a 80% stake. There have already been $16 billion in lease contracts. On April 23, a further 15-year deal with a second US investment-grade hyperscaler for 300 MW and up to $7.5 billion was secured. The corresponding Delta Forge 1 site...
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