Applied Digital Corporation (NASDAQ:APLD) is one of the best-performing mid-cap tech stocks in the last three years. On October 1, 2025, Roth Capital Partners maintained its Buy rating on Applied Digital and raised the price target to $43 from $24; the note also pointed to the potential for another HPC colocation agreement at the company’s 280-MW Harwood, North Dakota site by the end of 2025 or into early 2026. The Harwood “Polaris Forge 2” AI campus is slated to begin initial operations in 2026 and reach ...