APLD, BE, GFS Stocks Hit 52-Week Highs: What's Driving The Surge?

• Applied Digital saw its best day in more than 12 years after the company contracted AI infrastructure capacity above 1 gigawatt worldwide. 
• Bloom Energy stock rose after AI cloud company Nebius Group selected its fuel cell systems for U.S. data center expansion. 
• GlobalFoundries shares hit a record high of $81.46 after the company secured up to $375 million in CHIPS Act funding. 

Shares of Applied Digital (APLD), Bloom Energy (BE), and GlobalFoundries (GFS) climbed to fresh 52-week highs on Thursday as investors poured into companies tied to the physical backbone that supports the expansion of artificial intelligence. 

The rally points to growing market interest in businesses supplying computing capacity, energy infrastructure, and quantum machine learning needed to sustain rising AI demand.

While Applied Digital and GlobalFoundries surged over 21% and 14%, respectively, Bloom Energy stock ended the session 9% higher. 

APLD’s Massive Data Center Commitment

Applied Digital clocked its best day in over 12 years as investors cheered its 15-year lease agreement with a large U.S. hyperscale customer for its Polaris Forge 3 campus, announced on late Wednesday. 

The company said the contract covers 300 megawatts of IT capacity and has pushed the company’s total contracted AI infrastructure capacity above 1 gigawatt globally.

Applied Digital estimated the agreement will generate roughly $7.5 billion in committed revenue during the initial lease period. The update validated the company’s stature as an AI infrastructure provider, a leap from its previous image of a speculative data center developer with execution risk.

On Stocktwits, retail sentiment around the stock remained in ‘bullish’ territory. 

BE Benefits From AI Power Demand

Bloom Energy stock gained momentum after AI cloud player Nebius Group (NBIS) selected the company’s fuel cell technology to support its U.S. data center expansion. 

Under the long-term arrangement, Nebius is expected to pay Bloom up to $2.6 billion over a decade for energy services tied to approximately 328 megawatts of installed capacity. The first deployment phase is scheduled to begin operating later this year.

Investors viewed the deal as another sign that alternative power systems are becoming critical as AI facilities consume increasing amounts of electricity. Retail sentiment around the stock remained in ‘neutral’ territory. 

GFS Expands Into Quantum Manufacturing

GlobalFoundries (GFS) stock climbed to a record high of $81.46 on Thursday as investors responded to the company’s expanding role in quantum computing infrastructure. 

The gains followed GlobalFoundries’ announcement that it plans to receive up to $375 million in federal funding through the CHIPS and Science Act to support a new quantum-focused manufacturing initiative. In return, the U.S. government will acquire 1% equity stake in the company.

The company said the funding will help launch a dedicated business unit called Quantum Technology Solutions. The operation will focus on producing quantum computing hardware at a commercial scale across facilities located in New York and Vermont. The stock rally pushed the chipmaker’s market value above $44 billion.

Retail sentiment around the stock remained in ‘extremely bullish’ territory. 

So far this year, BE and GFS stocks have surged over 254% and 132%, respectively, while APLD stock has gained 95%. 

Also See: Why Is ROST Stock Jumping Nearly 6% In Overnight Trading Today?

For updates and corrections, email newsroom[at]stocktwits[dot]com.