AI Chips Today - Applied Digital Expands AI Capacity With Polaris Forge Completion

Applied Digital has announced the successful completion of its second phase, a 50 MW expansion, at their Polaris Forge 1 AI Factory Campus in North Dakota, bringing the total capacity of Building 1 to 100 MW. This development is part of a larger 400 MW deployment under contract with CoreWeave, highlighting Applied Digital's capability to rapidly deliver AI infrastructure. The on-time delivery of this capacity reflects Applied Digital's expertise in meeting the increasing demand for high-density AI compute environments, reinforcing their position as a key player in the AI chips industry.

In other market news, MediaTek (TWSE:2454) was trading firmly up 9.7% and ending trading at NT$1,300.00. In the meantime, Kioxia Holdings (TSE:285A) lagged, down 15.1% to end the day at ¥8,367.

MediaTek's strategic move into AI and automotive with advanced semiconductor innovations positions it for significant margin growth. Discover more about how MediaTek's pioneering strategies could transform its market standing by clicking through to our full narrative.

For a deeper understanding, revisit our Market Insights article analyzing AI Chips' pivotal role in driving Q3's record market highs. Read it now!

Best AI Chip Stocks

• Micron Technology (NasdaqGS:MU) closed at $224.53 up 0.3%. Yesterday, the company filed a proxy statement opposing a shareholder proposal to grant 10% stock owners the power to call special meetings.
• NVIDIA (NasdaqGS:NVDA) ended the day at $177.82 down 2.6%.
• Advanced Micro Devices (NasdaqGS:AMD) settled at $206.13 down 4.1%. This week, AMD announced that Zyphra successfully trained the ZAYA1 AI model using its Instinct GPUs and networking platform, demonstrating competitive performance against leading models.

Where To Now?

• Unlock our comprehensive list of 68 AI Chip Stocks like Hygon Information Technology, Advantest and Texas Instruments by clicking here.
• Want Some Alternatives? These 12 companies survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. Discover why before your portfolio feels the trade war pinch.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "Applied Digital Completes Phase II Ready for Service at Polaris Forge 1, Fully Energizing First 100 MW Building" from Applied Digital Corporation on GlobeNewswire (published 24 November 2025)

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