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I believe that Applied Digital (APLD) has further upside potential despite the stock's increase of around 620% over the last 12 months. After achieving a milestone of over 1 GW in contracted capacity on May 20, the next breakout attempt towards a multi-year high seems to be emerging. In April, a $7.5 billion deal with a 15-year term for 300 MW for the Delta Forge 1 site was secured with a hyperscaler. This same customer is now signing such a contract for the fourth site, Polaris Forge 3. The contracted rental revenues thus rise to $31 billion...
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