On June 16, Applied Digital rose 5.77% in regular trading, trading at $49.03/share, with turnover of $218 million. Multiple financing and order catalysts continue to strengthen market confidence in the company's AI data center business expansion outlook.

On the news front, Applied Digital recently signed a 15-year lease agreement with a U.S.-based investment-grade hyperscale cloud provider covering 210 megawatts of computing capacity at its new AI Factory campus, Delta Forge 2. The take-or-pay contract is expected to generate approximately $5.2 billion in base revenue, potentially reaching $12.7 billion if all renewal options are exercised over 30 years. This deal extends the company's AI Factory franchise model to a fifth campus, bringing its total contracted portfolio to approximately $36 billion. Additionally, the company secured a $550 million revolving credit facility and announced plans to issue $1.59 billion in senior secured notes to finance further data center expansion at its Polaris Forge 1 facility in North Dakota.

Within the Internet Services & Infrastructure sector, CoreWeave rose 9.61%, Rackspace Technology rose 17.67%, Snowflake rose 0.22%, Shopify rose 0.92%, and MongoDB rose 0.53%.

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