APLD is trading about 11% up at $43.70 following news that the company has surpassed 1 gigawatt of AI data center deals.
- The surge follows the announcement of a second major hyperscaler lease in under a month, extending a sharp two-day rally from $36.62 to $39.52.
- The move is primarily driven by investor excitement surrounding AI infrastructure growth and financing prospects rather than cryptocurrency market trends.
- This milestone highlights the company's rapid scaling to meet high-performance computing demand from major hyperscale clients.