Applied Digital (APLD) stock jumps on Delta Forge 1 groundbreaking as CEO flags February site reveal
Applied Digital shares rose 8.5% to $37.69 after announcing it has started building a 430-megawatt AI data-center campus, Delta Forge 1, in the southern U.S. The company expects initial operations by mid-2027 and plans to reveal the site location in February. Trading volume reached 48 million shares. A director disclosed gifting 6,000 shares in a Form 4 filing.