APLD Stock Soars on Polaris Forge Milestone and $16B AI Lease Pipeline (Nov. 24, 2025)
Applied Digital shares jumped 11% to $23.48 by late morning Friday after the company completed Phase II at its flagship Polaris Forge 1 AI data center in North Dakota. The milestone brings Building 1 to its full 100 MW capacity, part of a 400 MW campus fully leased to CoreWeave. Trading volume topped 14 million shares. APLD stock is up over 300% in 2025.