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Why Applied Digital Stock Zoomed on Monday
The Motley Fool· 2025-08-18 18:34
Investors buy Applied Digital stock for its revenue growth -- not its profits.Shares of Applied Digital Corporation (APLD 15.29%), which builds and operates data centers for artificial intelligence (AI), soared 16.1% through 11:55 a.m. ET Monday after announcing it will build -- you guessed it! -- a new data center, which will be called "Polaris Forge 2." Introducing Polaris Forge 2Polaris Forge 2 is a $3 billion data center campus in North Dakota, designed to run 280 megawatts of power "to meet surging dem ...