Top AI Infrastructure Stock Outperforming Nvidia Poised for Further Gains with New Deal

Applied Digital Reports Significant Growth and Future Potential

Applied Digital (NASDAQ: APLD) has experienced a remarkable 282% increase in stock value over the past year, significantly outperforming Nvidia’s 44% gain during the same period. The company specializes in building and operating dedicated AI data centers and has recently secured a long-term lease agreement with a U.S.-based hyperscaler, which includes providing 210 megawatts of cloud computing capacity over 15 years for $5.2 billion. If all renewal options are exercised, this contract could yield up to $12.7 billion in lifetime lease revenue.

For the fiscal year ending in 2026, Applied Digital’s revenue is estimated to have surged by 96% to $422 million, driven by its robust lease revenue pipeline, which could reach $86 billion if all contracts are fully exercised. The company has contracts for five AI factory campuses and is projecting a base-case scenario of $36 billion in lifetime lease revenue from its agreements.