Applied Digital (APLD) stock jumps 8.5% on 430-MW AI data center push — what to watch next
Applied Digital shares jumped 8.5% to $37.69 Friday, extending a 54% rally this month and valuing the company near $10.5 billion. The Dallas-based firm broke ground Jan. 22 on a southern U.S. “AI factory” campus with 430 MW of power, aiming for initial operations in mid-2027. The company has not disclosed the state and plans to announce the site in February. Investors await further details on funding and client deals.