Why Applied Digital Stock Zoomed on Monday
Shares of Applied Digital Corporation (NASDAQ: APLD), which builds and operates data centers for artificial intelligence (AI), soared 16.1% through 11:55 a.m. ET Monday after announcing it will build -- you guessed it! -- a new data center, which will be called "Polaris Forge 2."
Image source: Applied Digital.
Polaris Forge 2 is a $3 billion data center campus in North Dakota, designed to run 280 megawatts of power "to meet surging demand for compute power" for AI tasks. Applied Digital plans to break ground on the new campus in September, open for business in 2026, and reach full capacity early in 2027. It may be later expanded in size and capacity, if needed.
Source Fool.com
