AI Chips Today - Applied Digital Expands Capacity to Boost AI Infrastructure

Applied Digital has finalized a new lease agreement for an additional 150MW at its Polaris Forge 1 Campus in North Dakota, aimed at supporting CoreWeave's AI and high-performance computing efforts. This expansion brings the total critical IT capacity at the campus to 400MW, reinforcing Applied Digital’s commitment to advancing AI infrastructure. The Polaris Forge 1 Campus is designed to scale up to 1 gigawatt and will use renewable power and the cool North Dakota climate to prioritize sustainability. The new facility is expected to be fully operational by 2027, contributing to the region's growing role in the digital economy.

In other market news, InnoScience (Suzhou) Technology Holding (SEHK:2577) was a notable mover up 12% and finishing the session at HK$96.95, hovering around its 52-week high. In the meantime, Marvell Technology (NasdaqGS:MRVL) softened, down 18.6% to close at $62.86.

Marvell Technology's innovative 3-nanometer DSP offers immediate profit margin enhancement potential. Discover more about Marvell's growth strategy by exploring our narrative on the company.

Be sure to revisit our Market Insights article on AI Chips, "The Bull and Bear Thesis on AI’s Decade of Disruption," where we explored the profound macroeconomic shifts AI could trigger and how to strategically position your portfolio.

Best AI Chip Stocks

• ASML Holding (ENXTAM:ASML) closed at €636.60 down 2.7%.
• NVIDIA (NasdaqGS:NVDA) finished trading at $174.18 down 3.3%. Last week, Novacore Innovations launched India's first GPU cloud platform with NVIDIA's new B200 servers, enhancing AI infrastructure across India, the U.S., and the Middle East.
• Advanced Micro Devices (NasdaqGS:AMD) settled at $162.63 down 3.5%.

Next Steps

• Jump into our full catalog of 67 AI Chip Stocks, which includes QUALCOMM, Hua Hong Semiconductor and Credo Technology Group Holding, here.
• Ready To Venture Into Other Investment Styles? The latest GPUs need a type of rare earth metal called Terbium and there are only 28 companies in the world exploring or producing it. Find the list for free.

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 Finalizes Additional 150MW Lease with CoreWeave in North Dakota" from Applied Digital Corporation on GlobeNewswire (published 29 August 2025)

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