APLD Shares Jump 6.74% on $610M Volume Ranks 180th in Market Activity as AI Infrastructure Bet Gains Momentum

On August 5, 2025, Applied Digital (APLD) surged 6.74% with a $0.61 billion trading volume, ranking 180th in market activity. The rally reflects growing investor confidence in the company’s strategic transformation into a critical AI infrastructure provider.

Recent developments highlight APLD’s pivot from cryptocurrency hosting to leasing high-performance computing (HPC) facilities for AI hyperscalers. A landmark $11 billion, 15-year contract with CoreWeave, an NVIDIA-backed AI hyperscaler, validates its new role as an “AI landlord.” This agreement, expanded to 400 megawatts at its North Dakota campus, provides long-term revenue visibility and positions APLD to capitalize on the AI boom through predictable, asset-backed income streams.

The company is accelerating execution to de-risk its ambitious build-out. It has raised $270 million in capital and streamlined construction timelines, reducing data center build times from 24 to 12-14 months. These operational efficiencies address investor concerns about scalability and reinforce the feasibility of its $11 billion revenue backlog. Analysts, including Lake Street Capital and Needham & Company, have upgraded price targets, with some reaching $18, reflecting optimism about APLD’s execution and growth trajectory.

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