---
title: "Applied Digital rises on 300MW Polaris Froge 3 hyperscaler lease deal"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287123488.md"
description: "Applied Digital (APLD) shares rose over 8% to $42.75 after announcing a 15-year lease for the Polaris Forge 3 AI campus, expected to generate $7.5B in base revenue. The company now has $31B in contracted lease revenue across four campuses. Despite a strong YTD performance of 52.61%, valuation concerns persist with APLD trading at 23x FY27 sales. Ratings are mixed, with quant at 'hold' and Seeking Alpha analysts at 'buy.'"
datetime: "2026-05-20T21:31:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287123488.md)
  - [en](https://longbridge.com/en/news/287123488.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287123488.md)
---

# Applied Digital rises on 300MW Polaris Froge 3 hyperscaler lease deal

Applied Digital (APLD) surged over 8% in after-hours trading to $42.75 after closing at $39.52, following the announcement of a major long-term lease agreement. The stock has continued its strong monthly rally, gaining around 22%, although it still recorded a weekly decline of nearly 8%. The move reflects renewed investor focus on its expanding AI ...

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