Here's Why Applied Digital Stock Is Soaring Friday
1. Applied Digital's Q1 FY2026 revenue surged 84% to $64.2 million. 2. Company demand driven by AI growth and new lease with CoreWeave. 3. Shares rose over 20% post-earnings release, nearly quintupled this year. 4. Future lease revenues projected at $11 billion over 15 years. 5. Polaris Forge 1 campus expected to exceed 1 gigawatt capacity by 2030.