APLD CEO Sees 'Scarcity Value' Driving AI Data Center Lease Rates by Over 15% on 250MW Expansion
Applied Digital (APLD) targets 15%+ higher lease rates on 250 MW of AI data center expansions as CEO Wes Cummins cites "scarcity value."
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Needham Maintains Buy on Applied Digital, Lowers Price Target to $70
Needham analyst John Todaro maintains Applied Digital (NASDAQ:APLD) with a Buy and lowers the price target from $83 to $70.
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