Applied Digital Stock Soars on AI Infrastructure Expansion

Shares of Applied Digital delivered an impressive performance yesterday, surging 8.6% to reach a fresh 52-week peak of $25.90. The rally reflects growing investor confidence in the company’s positioning within the artificial intelligence infrastructure sector, bolstered by significant analyst upgrades.

Market researchers have issued substantially higher price targets, reinforcing the positive sentiment. Compass Point boosted its target from $13 to $30, while Roth Capital made an even more aggressive move from $24 to $43. H.C. Wainwright also increased its projection from $15 to $20. All three firms maintained their “Buy” recommendations, indicating expectations for continued share price appreciation.

Major Contract and Construction Drive Growth

The primary catalyst behind this optimism is Applied Digital’s recently secured agreement with CoreWeave for an additional 150 megawatts of... Read more...