On July 20, Applied Digital Corp rose 5.02% in pre-market trading, trading at $27.10/share, with turnover of approximately $4.59 million. The move was driven by robust earnings expectations ahead of the upcoming quarterly report on July 27, combined with a series of major AI infrastructure contract announcements.

Market consensus forecasts quarterly revenue of approximately $94.84 million, representing a 156.29% year-over-year increase, while adjusted EPS is expected at -$0.22, improving 46.24% from the prior year period. The company's high-performance computing hosting business, which generated $71 million in revenue last quarter with 149.48% growth, remains the primary growth engine benefiting from new cabinet deployments and rising customer utilization rates.

On the catalyst front, the company recently signed a 15-year lease for its Delta Forge 2 campus with a U.S. investment-grade hyperscale cloud provider worth approximately $5.2 billion in contract revenue, completed a $1.59 billion senior secured notes offering, secured a $550 million revolving credit facility, and signed a 430MW power supply agreement for a North Dakota AI factory. The total signed contract portfolio has risen to approximately $36 billion, signaling accelerating AI infrastructure expansion.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)