--- 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_ ### Related Stocks - [APLD.US](https://longbridge.com/en/quote/APLD.US.md) - [APLX.US](https://longbridge.com/en/quote/APLX.US.md) - [DTCR.US](https://longbridge.com/en/quote/DTCR.US.md) - [CHRN.US](https://longbridge.com/en/quote/CHRN.US.md) - [GS.US](https://longbridge.com/en/quote/GS.US.md) - [DAPP.US](https://longbridge.com/en/quote/DAPP.US.md) - [WGMI.US](https://longbridge.com/en/quote/WGMI.US.md) - [BKCH.US](https://longbridge.com/en/quote/BKCH.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [W4VR.SG](https://longbridge.com/en/quote/W4VR.SG.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) ## Related News & Research - [Applied Digital Stock Jumps After The Bell: Here's Why](https://longbridge.com/en/news/287127672.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) - [Singapore Leads Emerging Race to Become World’s First «Trusted AI Financial Hub»](https://longbridge.com/en/news/287063092.md) - [Sharon AI Appoints Mr. Andrew Penn as Chairman of the Board of Directors | SHAZ Stock News](https://longbridge.com/en/news/287210261.md) - [Neurovia AI CTO at ISNR: Solving the AI Data Cost Dilemma and Unleashing Infrastructure Capacity | AIIO Stock News](https://longbridge.com/en/news/287049307.md)