NASDAQ: APLD
Applied Digital Corporation (Nasdaq: APLD) designs, develops, owns, and operates large-scale, purpose-built data centers engineered to support high-performance computing (HPC) workloads, including artificial intelligence, machine learning, and other accelerated-compute applications. The company operates through two core segments: HPC Hosting, which designs, builds, and operates AI Factory data centers leased to hyperscale customers including CoreWeave and tier-one investment-grade hyperscalers under long-term contracts; and Data Center Hosting, which provides energized space to crypto mining customers. As of August 31, 2026, the company has approximately 1.41 GW of leased critical IT load across five campuses — Polaris Forge 1, 2, and 3 in North Dakota, Delta Forge 1 in Louisiana, and Delta Forge 2 in Alabama — representing approximately $36 billion of contracted revenue over initial base terms. Applied Digital also holds an approximately 96% ownership stake in ChronoScale Holdings Corporation (Nasdaq: CHRN), a publicly traded accelerated-compute platform, and an approximately 10% equity interest in Base Electron Corp., an independent power producer developing front-of-the-meter generation capacity in the Dakotas. The company combines hyperscale expertise, closed-loop cooling, and rapid deployment capabilities to deliver secure, scalable compute infrastructure. Updated
Nearly 16 points separated the best and worst close across a 390-name watchlist, with Super Micro Computer up 9.56% to $35.58 and AT&T down 6.08% to $22. AI infrastructure and crypto-linked names took the top spots; communications and consumer took the hits.
Applied Digital closed up 6.93%, the widest gain in a 385-name priority universe, with Sea at the other end down 5.35%.
GoPro's 10.3% jump leads the open, with Moderna close behind and the entire downside capped under 3.5%. Across the priority names, the gains are doing all the work this morning.
Wes Cummins put roughly $1.01 million of his own money into Applied Digital stock, the kind of open-market buy executives skip when they think the AI data-center buildout is priced in. His stake now sits at 5.87 million shares as the company pushes into Finland with up to 1 GW of power capacity.
Jason Gechen Zhang put $5.66 million of his own money into Applied Digital stock, lifting his stake past 2.8 million shares just as the market debates whether AI data-center demand is peaking. Open-market insider buying of that size is the rare signal you cannot fake.
Every one of the five worst names at Friday's close was an AI data center or cloud stock, led by CoreWeave's 12.3% drop. The entire winners' list came from energy and defense.
CoreWeave's 6.8% drop anchors a decline list made up entirely of compute and data-center names. Downside is moving roughly three times faster than upside this morning.
Director Richard Nottenburg trimmed nearly a quarter of his Applied Digital stake at $21.84, a discretionary sale with no 10b5-1 plan noted, leaving him 102,128 shares. The timing lands as the AI data-center buildout keeps powering the growth story, so insiders cashing in is worth noting.
Applied Digital just broke its March floor with a fresh 52-week low at $20.33, less than half the $47.94 it fetched in June.
Revenue climbed 432% year over year as HPC hosting at the Polaris Forge campuses ramped, far exceeding expectations. Applied Digital now has about $36 billion of contracted revenue over initial base terms.
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CoreWeave's bond yields spiked to record levels and the stock cratered to its lowest point of 2026, yet dozens of analysts are racing to defend a price target more than double where…
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Cipher Digital (NASDAQ:CIFR) shares are trading at $10.72, down 5%, after the artificial intelligence (AI) data center developer priced a large zero-interest convertible note sale. This decline extends a steep slide after…
A fresh financing package is weighing heavily on Cipher Digital (NASDAQ:CIFR), a data center developer racing to build campuses for hyperscale tenants. Cipher Digital stock is down 14% to $11.20 in morning…
CoreWeave's $104 billion backlog and a Street-high price target suggest massive upside, yet the stock keeps sliding as losses widen and debt piles up. One analyst sees a tripling ahead while others…
One builds the AI factories, the other makes the chips that power them, yet the market is rewarding only one while punishing the other. Understanding why reveals a deeper split in how…
Shares of IREN Limited (NASDAQ:IREN) are up 4% to $36.70 in morning trading after a report linked the artificial intelligence (AI) cloud provider to Anthropic. That report, which neither company has confirmed,…
Applied Digital has shed more than half its value from its peak, yet analysts keep piling on buy ratings with targets that sit above where the stock was trading at its best.…
Applied Digital Corporation (Nasdaq: APLD) designs, develops, owns, and operates large-scale, purpose-built data centers engineered to support high-performance computing (HPC) workloads, including artificial intelligence, machine learning, and other accelerated-compute applications.
