After Applied Digital (APLD) announced that it has broken ground on Delta Forge 1, an AI Factory campus “located in a strategic southern U.S. market” that is designed to support an initial 430 MW of total utility power, Roth Capital believes the site is in Louisiana and expects a formal lease in the coming months with another hyperscaler. Applied Digital remains a top pick, says the analyst, who has a Buy rating and $58 price target on the shares.
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