Applied Digital (APLD) Jumps to All-Time High on Data Center Kickoff

Core Insights - Applied Digital Corp. (NASDAQ:APLD) has shown strong performance, rebounding from a three-day losing streak and nearing its all-time high due to the commencement of its new data center construction in Dallas, Texas [1][2]. Company Developments - The stock reached an intra-day high of $39, just $1.2 below its all-time high of $40.20, before closing at $37.69, reflecting an increase of 8.49% for the day [2]. - The company has officially broken ground on Delta Forge 1, an AI factory campus designed to support 430 megawatts (MW) of total utility power and up to 300 MW of critical IT load [2][3]. - Delta Forge 1 will consist of two 150-MW facilities situated on a 500-acre land area, and is expected to create over 200 jobs once fully operational, along with long-term contractor positions [3]. Strategic Vision - The Chairman and CEO of Applied Digital, Wes Cummins, emphasized that Delta Forge 1 represents a significant step in the company's growth strategy, focusing on delivering AI infrastructure through disciplined execution [3]. - The company aims to integrate power, cooling, and operations effectively at the AI factory, which is expected to scale with hyperscale demand while providing operational certainty for customers and lasting community value [4].