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Stock impact report

Applied Digital Leans Into AI Data Centers With Major Leases And New Campus [Yahoo! Finance]

Comfort Systems USA, Inc. (FIX) 
Last comfort systems usa, inc. earnings: 4/27 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Applied Digital has pivoted its business toward high performance AI data centers, shifting away from bitcoin mining. The company has secured major long term data center leases with AI infrastructure customers such as CoreWeave. Construction is underway on Delta Forge 1, a new 430MW AI Factory campus designed for large scale AI workloads. Recent industry investment in key Applied Digital customers supports demand for its new AI focused facilities. Applied Digital (NasdaqGS:APLD) is repositioning itself as an AI infrastructure provider at a time when its shares trade at $33.88. The stock has seen large moves, including a 20.5% gain over the past month and a very large 1 year return, reflecting strong investor attention around its shift away from crypto mining. For investors, the story now hinges less on bitcoin price cycles and more on the build out and utilization of AI data centers. The long duration leases and new campus projects create potential for more predictable, cont Show less Read more
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