Hyperscalers Hunt for Capacity, Applied Digital on the Verge of a Possible Deal: Northland Analysts Raise Price Target to $56 (+35%).

The stock of Applied Digital (APLD) is now bubbling significantly. The core business involves the construction and operation of massive data centers, while the cloud services division, under the name ChronoScale, is set to go public as a spin-off to strategically separate infrastructure and services. The latest Q2 figures showed an exceptionally strong demand for AI capacities. Hyperscalers are aggressively competing for locations with sufficient power supply and cooling. APLD already has 600 MW of contracted capacity, which corresponds to a potential...