Headquartered in Dallas, TX Fiscal year ends May NASDAQ: APLD applieddigital.com
Applied Digital Corporation (Nasdaq: APLD) designs, builds, and operates high-performance, sustainably engineered data centers and colocation services for artificial intelligence, cloud, networking, and blockchain workloads. Founded in 2021, the company operates through three segments: HPC Hosting, which designs and operates next-generation data centers providing massive computing power for high-performance computing and AI applications; Data Center Hosting, which provides energized space to Bitcoin and cryptocurrency mining customers across 286 MW of capacity; and Cloud Services, which is being spun off into a separate public entity called ChronoScale Corporation through a business combination with EKSO Bionics. The company's flagship Polaris Forge AI Factory campuses in North Dakota include a fully operational 100 MW direct-to-chip liquid-cooled facility, a second operational 100 MW facility, and multiple 150-200 MW facilities under construction. Applied Digital utilizes proprietary waterless cooling technology and targets 15- to 30-year lease arrangements with hyperscaler tenants. The company is actively developing approximately 1 GW of grid power capacity across multiple campuses including Delta Forge 1 in the southern U.S., with a long-term goal of exceeding $1 billion in net operating income within five years. Updated
Applied Digital reports at 4:05 PM ET, with consensus at a loss of $0.30 per share on $124.57 million in revenue. Last quarter broke a three-quarter beat run with a loss of $0.39 against an $0.18 estimate, so this report decides whether the AI data-center buildout is still outrunning its costs.
A $10,000 stake in Applied Digital held since 2008 is finally worth six figures, but almost all of that came from the AI data center buildout of the last two years. Holders who sold anywhere in the long flat stretch got none of it.
Next week's 25 reports arrive before the big banks do, with Tuesday the heaviest: Lamb Weston before the open, then Constellation Brands after the close for a read on beer and spirits demand. Levi Strauss and Applied Digital follow Wednesday, pairing the apparel consumer with data center buildout spending.
A first international power deal is failing to steady Applied Digital (NASDAQ:APLD) stock ahead of the company’s quarterly report, as AI data center developers sell off as a group. Applied Digital stock…
A Finland power agreement is giving Applied Digital (NASDAQ:APLD) its first data center development outside the United States, and buyers are rewarding that step. Applied Digital stock is at $25.43, up 3%…
A fresh capacity mark at Applied Digital (NASDAQ:APLD) is clashing with a pullback across AI data center operators, and the selling pressure is winning out. Applied Digital stock is at $24.31 in…
A capacity milestone at Applied Digital (NASDAQ:APLD) is lifting the artificial intelligence (AI) data center group, and the buying reaches beyond the company that made the announcement. Applied Digital shares are surging…
Jones Trading started coverage of Applied Digital (NASDAQ:APLD) with a Buy rating, yet the data center operator is slipping in early trading. Applied Digital stock is down 6% to $24.70. That reaction…
Pre-Market Stock Futures: Futures are trading lower as we enter the final trading days of the third quarter, after a wild week in which interest rates soared and oil prices bounced back…
IREN just wrote off nearly half a billion dollars in Bitcoin mining hardware, and Wall Street is still trying to figure out what company emerged on the other side of that transformation.
The AI infrastructure trade is moving higher as investors focus on long-term power access and contracted revenue, with Cipher Digital leading a group that includes TeraWulf and Applied Digital. The latest move…
Shares of Applied Digital (NASDAQ:APLD) and TeraWulf (NASDAQ:WULF) are rebounding Thursday morning as the oversold AI capacity trade catches a bid, with the sector fund and the broad tape also higher. Applied…
Applied Digital’s slide Tuesday afternoon matters most for what it does to the year. Applied Digital (NASDAQ:APLD) stock is down 4% to $23.72, pushing the year-to-date figure to a decline of 3%.…
TeraWulf (NASDAQ:WULF) stock is declining 5% to $14.71 in Tuesday morning trading, extending a slide that has taken the shares down 15% over the past month. Even after the drawdown, TeraWulf stock…
Nebius shed nearly a quarter of its value in a single month despite explosive revenue growth, and one resolute Wall Street shop just raised its price target to a level that would…
Jim Cramer praised one AI-adjacent name, dismissed a housing supplier on instinct, and rejected a data-center story on principle, but his cash-first filter may be the wrong tool for at least one…
Bitcoin miners are snapping back hard after Thursday's selloff, but one name in the group is sitting the rally out, and that split tells you something important about what is actually driving…
Former Bitcoin miners are quietly signing billion-dollar contracts with hyperscalers and frontier AI labs, and the reason has nothing to do with GPUs. Three mid-cap stocks are racing to claim the one…
Applied Digital Corporation (Nasdaq: APLD) designs, builds, and operates high-performance, sustainably engineered data centers and colocation services for artificial intelligence, cloud, networking, and blockchain workloads.
The Wall Street consensus 12-month price target for APLD is $66.43.
