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Applied Digital NASDAQ:APLD is heading into earnings with fresh momentum after completing another major phase of its flagship AI data center campus while billionaire investor Dan Loeb quietly built a position in the stock.Shares jumped 5.05% to $25.38 after Applied Digital said Phase 2 of Building…
Applied Digital completed the second phase of Building 2 at its Polaris Forge 1 campus, adding 75 MW of critical IT load across three data halls.
Needham analyst John Todaro reiterates a Buy rating on Applied Digital Inc. (NASDAQ: APLD) with a maintained price target of $83. The firm continues to see strong upside potential in the AI infrastructure provider, reflecting confidence in its market position and growth prospects.