Applied Digital stock jumps 16% after strong Q1 results and 150-megawatt AI data center expansion

Applied Digital stock jumped after strong first-quarter results and new data center deals. Revenue grew fast, losses were smaller than expected, and Polaris Forge 1 is fully leased. The company started Polaris Forge 2, which will expand capacity in 2026-2027. Analysts raised price targets, showing confidence in Applied Digitals growth and future in data centers and AI infrastructure.