Applied Digital shares climb on Texas AI data center pact and bullish analyst call
Applied Digital (APLD) shares rose 3% after announcing a joint venture with Soluna (SLNH) for a 50MW AI data center in Texas, powered by wind energy. APLD will hold 51% stake, with Soluna contributing land and power. Roth/MKM reinstated a 'Buy' rating and $35 target, citing execution certainty and market growth. ChronoScale (CHRN) may lease the facility. Deal expected to close by year-end, pending approvals.

