--- title: "Applied Digital Stock Jumps After The Bell: Here's Why" type: "News" locale: "en" url: "https://longbridge.com/en/news/287127672.md" description: "Applied Digital Corp (NASDAQ:APLD) shares surged 6.28% in after-hours trading following the announcement of a long-term lease agreement with a hyperscaler for its Polaris Forge 3 AI factory campus. This deal, valued at approximately $7.5 billion, could expand to $18.2 billion, bringing total contracted lease revenue to $31 billion. CEO Wes Cummins highlighted the company's proven AI factory model and the confidence built through disciplined execution." datetime: "2026-05-20T22:22:12.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287127672.md) - [en](https://longbridge.com/en/news/287127672.md) - [zh-HK](https://longbridge.com/zh-HK/news/287127672.md) --- # Applied Digital Stock Jumps After The Bell: Here's Why **Applied Digital Corp** (NASDAQ:APLD) shares are trading higher in Wednesday’s after-hours session after the company announced another long-term hyperscaler lease agreement. - **Applied Digital stock is among today’s top performers. Why is APLD stock surging?** ## **Applied Digital Surpasses 1 GW Of Contracted Capacity** Applied Digital announced it entered into a long-term lease agreement with the same undisclosed hyperscaler that previously signed a deal at the company’s Delta Forge 1.  The agreement marks Applied Digital’s fourth AI factory campus, Polaris Forge 3. The new campus will be located in a Northern state and deliver 300 MW of critical IT load for large-scale AI training and inference workloads. “Polaris Forge 3 is a direct extension of what we’ve proven works: a disciplined, repeatable AI Factory model that delivers large-scale capacity to the world’s most demanding compute customers,” said **Wes Cummins**, chairman and CEO of Applied Digital. “This second 300 MW lease with the same U.S.-based high investment-grade hyperscaler we partnered with at Delta Forge 1 reflects the confidence we’ve built through disciplined execution and our ability to consistently advance large-scale AI infrastructure projects.” The deal involves 15-year take-or-pay leases valued at approximately $7.5 billion in base contracted revenue, which could expand to $18.2 billion if all options are exercised. Applied Digital said the deal brings its total contracted lease revenue up to $31 billion. ## APLD Shares Pop After The Close **APLD Price Action:** Applied Digital shares were up 6.28% in after-hours, trading at $42 at the time of publication on Wednesday, according to Benzinga Pro. **Read Also: Nvidia Q1 Highlights: Double Beat, Dividend Increased, 'Largest Infrastructure Expansion In Human History' Coming** _Image: Shutterstock.com_ ### Related Stocks - [APLD.US](https://longbridge.com/en/quote/APLD.US.md) - [XDAT.US](https://longbridge.com/en/quote/XDAT.US.md) - [DAT.US](https://longbridge.com/en/quote/DAT.US.md) - [SRVR.US](https://longbridge.com/en/quote/SRVR.US.md) - [IXN.US](https://longbridge.com/en/quote/IXN.US.md) - [CLOU.US](https://longbridge.com/en/quote/CLOU.US.md) - [APLX.US](https://longbridge.com/en/quote/APLX.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [IDGT.US](https://longbridge.com/en/quote/IDGT.US.md) - [XSD.US](https://longbridge.com/en/quote/XSD.US.md) - [PSI.US](https://longbridge.com/en/quote/PSI.US.md) - [XSW.US](https://longbridge.com/en/quote/XSW.US.md) - [DTCR.US](https://longbridge.com/en/quote/DTCR.US.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [SSTK.US](https://longbridge.com/en/quote/SSTK.US.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) ## Related News & Research - [Applied Digital inks new $7.5 billion lease with hyperscaler it first booked in April](https://longbridge.com/en/news/287124786.md) - [What's Karpathy, AI's top influencer, up to when he joined Anthropic?](https://longbridge.com/en/news/287068743.md) - [ZAWYA: Veeam unveils intelligent ResOps for the agentic AI era, turning data context into faster, more precise recovery](https://longbridge.com/en/news/286763694.md) - [Moody’s lifts AI hyperscaler spend forecast to $785B for 2026](https://longbridge.com/en/news/286434678.md) - [Mercor’s $2M daily payouts fuel AI labor debate](https://longbridge.com/en/news/286719252.md)