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Applied Digital (NASDAQ: APLD) has secured multiple long-term AI hosting agreements, positioning itself as a key player in the AI data-center landscape. Recently, it announced the successful completion of the second phase of its Polaris Forge 1 AI campus in North Dakota, which operates at a full 100 megawatt capacity. Despite a 30% drop over the last month, APLD’s shares rose over 10% following the announcement.
IREN Limited (NASDAQ: IREN) announced a $9.7 billion AI cloud contract with Microsoft, which includes a 20% prepayment. The contract involves providing NVIDIA GPUs purchased from Dell Technologies. IREN’s stocks have been sensitive to Bitcoin prices, declining 23% over the past month as Bitcoin faced volatility, but analysts predict 47% upside with a price target around $70.
Vertiv (NYSE: VRT) specializes in liquid-cooling technology for data centers and is expected to grow at a 20% CAGR through 2030. Despite an 8% drop in stock price over the last month, analysts project earnings to increase by over 24% in the next year. The current stock price is about 4.9% below the consensus target of $177.81.
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