---
title: "Applied Digital Extends Rally After Major AI Campus Deal, Expansion Push"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287233387.md"
description: "Applied Digital Corporation (NASDAQ:APLD) extended its rally after securing a $7.5 billion long-term lease for its Polaris Forge 3 AI data center. This deal supports its infrastructure expansion for AI and high-performance computing. The stock rose 10.32% to $43.60 in premarket trading, with a bullish trend indicated by its moving averages. Analysts maintain a Buy rating with an average price target of $48.29."
datetime: "2026-05-21T13:47:35.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287233387.md)
  - [en](https://longbridge.com/en/news/287233387.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287233387.md)
---

# Applied Digital Extends Rally After Major AI Campus Deal, Expansion Push

**Applied Digital Corporation** (NASDAQ:APLD) extended its rally into Thursday's premarket after announcing a major leasing milestone tied to its AI infrastructure buildout.

The company secured a long-term lease for its Polaris Forge 3 campus, a high-density AI data center designed to support large-scale compute workloads. The agreement covers 300 megawatts of critical IT load and is valued at roughly $7.5 billion over 15 years.

The deal reinforces Applied Digital's push to position itself as a key infrastructure provider for artificial intelligence and high-performance computing.

The latest development follows the early-May spin-off of its cloud business into ChronoScale Corporation, a Nasdaq-listed AI compute platform, as well as a $300 million Goldman Sachs-led financing facility to help fund expansion at its Polaris Forge 1 data center in North Dakota.

## APLD Technical Analysis: Trend, RSI And Key Levels

The stock is significantly above its moving averages, with the 20-day simple moving average (SMA) at $38.93, indicating a bullish trend.

The relative strength index (RSI) stands at 53.97, suggesting that the stock is in a neutral zone, neither overbought nor oversold, which could indicate potential for further upward movement.

-   **Key Resistance**: $47.79 — This level represents the 52-week high, which could act as a psychological barrier for traders.
-   **Key Support**: $38.93 — This aligns with the 20-day SMA, providing a potential cushion for the stock if it experiences a pullback.

## APLD Earnings Date, EPS Forecast And Analyst Price Targets

Applied Digital will provide its next financial update on July 29, 2026 (estimated).

-   **EPS Estimate**: Loss of 12 cents (Down from Loss of 3 cents)
-   **Revenue Estimate**: $93.12 million (Up from $38.01 million)

**Analyst Consensus & Recent Actions:** The stock carries a Buy rating with an average price target of $48.29. Recent analyst moves include:

-   **Needham**: Buy (Raises Target to $66.00) (May 21)

## APLD ETF Exposure: Funds With The Biggest Positions

-   **VanEck Digital Transformation ETF** (NASDAQ:DAPP): 5.29% Weight
-   **CoinShares Bitcoin Mining ETF** (NASDAQ:WGMI): 5.04% Weight
-   **Global X Blockchain ETF** (NASDAQ:BKCH): 9.22% Weight

**Significance:** Because APLD carries such a heavy weight in these funds, any significant inflows or outflows will likely trigger automatic buying or selling of the stock.

**APLD Stock Price Activity:** Applied Digital shares rose 10.32% to $43.60 in premarket trading on Thursday, according to Benzinga Pro data.

**Read Also: Nvidia Just Did The Impossible: Wall Street Still Wants More**

_Photo: PJ McDonnell / Shutterstock_

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