Overview
- Wall Street’s average price target stands at $45.27 versus a recent share price near $28.50, implying nearly 60% upside.
- Applied Digital designs and operates specialized data centers for AI and high‑performance computing workloads.
- Polaris Forge 1 has 100 MW operational and contracted to CoreWeave, with Polaris Forge 2 starting construction to add 200 MW toward a 400 MW multi‑phase plan.
- Citizens highlights 400 MW at North Ellen fully leased to CoreWeave, a 200 MW hyperscaler lease with expansion potential to 1 GW, and a 4.3 GW development pipeline.
- The company’s expansion is funded with significant debt, including $2.35 billion raised at a 9.25% rate in Q2, as Nvidia’s sale of 7.7 million shares previously coincided with an ~8% post‑market drop yet analysts maintained Buy and Outperform ratings.