Applied Digital shares rise 6% after announcing $3.6B AI Factory investment in Louisiana
By
Sara Sethiya
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Summary
Applied Digital (APLD) shares surged ~6% to ~$48.14 after announcing a $3.6 billion investment in "Delta Forge 1," its first AI Factory campus located in Louisiana. The facility will exceed 1.2GW capacity, marking a major expansion in AI infrastructure.
Key quotes
· 2 pulledApplied Digital (APLD) extended its rally after announcing a major AI infrastructure push
The company revealed on X that it had invested $3.6B to develop 'Delta Forge 1,' its first AI Factory campus
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