Story perspectives

Applied Digital Stock Soars 300% Amid Data-Center Demand

12/15/2025

Summary

Story summary

Applied Digital's stock has surged more than 300% in 2025 as demand for data-center capacity climbs.
A projected 47-gigawatt electricity shortfall represents a market opportunity for Applied Digital.
Applied Digital operates two sites in North Dakota with 286 megawatts active and 4 gigawatts in development.
Applied Digital secured $5 billion in funding and a multibillion-dollar deal with CoreWeave that is expected to boost annual operating profit to $500 million.

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Story summary

Applied Digital's stock has surged more than 300% in 2025 as demand for data-center capacity climbs.
A projected 47-gigawatt electricity shortfall represents a market opportunity for Applied Digital.
Applied Digital operates two sites in North Dakota with 286 megawatts active and 4 gigawatts in development.
Applied Digital secured $5 billion in funding and a multibillion-dollar deal with CoreWeave that is expected to boost annual operating profit to $500 million.