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An announcement from Applied Digital Corporation ( (APLD) ) is now available.
On October 7, 2025, Applied Digital Corporation announced the closing of its first funding milestone in a $5 billion AI infrastructure partnership with Macquarie Asset Management. The initial funding of $112.5 million will support the development of the Polaris Forge 1 data center campus in North Dakota, which is leased to CoreWeave. This funding is expected to reduce Applied Digital’s equity contributions for future projects and enhance its position as a leading developer in the U.S. data center industry.
The most recent analyst rating on (APLD) stock is a Buy with a $35.00 price target. To see the full list of analyst forecasts on Applied Digital Corporation stock, see the APLD Stock Forecast page.
Spark’s Take on APLD Stock
According to Spark, TipRanks’ AI Analyst, APLD is a Neutral.
The overall stock score reflects a mix of financial challenges and strong growth potential. While financial performance is a concern, positive technical indicators, strategic corporate events, and promising earnings call developments contribute to a balanced outlook.
To see Spark’s full report on APLD stock, click here.
More about Applied Digital Corporation
Applied Digital Corporation, headquartered in Dallas, TX, is a company that designs, builds, and operates high-performance data centers and colocation services for artificial intelligence, cloud, networking, and blockchain workloads. Founded in 2021, the company is recognized for its hyperscale expertise, proprietary waterless cooling, and rapid deployment capabilities, aiming to deliver secure and scalable compute solutions.
Average Trading Volume: 30,388,881
Technical Sentiment Signal: Buy
Current Market Cap: $7.14B
For a thorough assessment of APLD stock, go to TipRanks’ Stock Analysis page.