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Wells Fargo said Applied Digital’s roughly 1.4-gigawatt contracted buildout remains on time and on budget, with financing and additional leasing now the key items to watch.
Applied Digital stock remains a Buy as AI data center demand drives a $36B backlog and 600+ MW rollout. Read here for more details on APLD stock.
Applied Digital just secured its first international power deal, yet the stock is selling off alongside two rivals that have no earnings due today, raising questions about what is really driving the developer group lower.