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Applied Digital Corporation
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Several large data centers and crypto facilities planning to connect to the Texas power grid ahead of peak summer demand have failed key reliability tests, raising the risk of power outages just as electricity use hits its seasonal high, according to the state grid operator.
In the past two days, bitcoin's highest conviction holders have sold about $2.4 billion in bitcoin. Of the bitcoin sold in the past 30 days, 26% came from investors who bought it above $90,000.
Everyone knows Nvidia powers the AI boom. Far fewer investors are paying attention to the companies building the infrastructure behind it.
The Polaris Forge 3 lease expands Applied Digital's contracted backlog to $31 billion, 67% of which is tied to investment-grade hyperscaler, which could unlock cheap project financing. The 1-month gap between the Delta Forge 1 and Polaris Forge 3 leases suggests that the same customer is likely to lease the remaining 300 MW site in the near-term. The short gap also points to a broader trend of hyperscalers securing compute capacity for 2027-2028 deployments, in time for the rollout of Nvidia's Rubin Ultra and Feynman GPU architectures.
Applied Digital chairman and CEO Wes Cummins joins CNBC's 'Squawk on the Street' discuss the company's new $7.5 billion hyperscaler lease, the demand for hyperscaler and spending trends.
Applied Digital Corp (NASDAQ:APLD) shares are up Tuesday morning as traders lean into the company's $7.5 billion, 15-year AI campus leasing win and the broader risk-on tape. Here's what investors need to know.
For the past two years, the AI race has been defined by one question: who can get enough Nvidia Corp. (NASDAQ:NVDA) chips? According to IREN Ltd.
Applied Digital remains a compelling AI infrastructure investment, driven by a surging revenue backlog and hyperscaler demand. APLD's new 15-year deal with a leading U.S. hyperscaler adds $7.5B to its backlog, now totaling $31B. I see further upside in APLD's valuation, as ongoing AI Data Center buildouts could add billions more to its contracted revenues.
Tim Bohen (@Stockstotrade) believes the stock market remains resilient despite all of the volatility surrounding global trade. His bull thesis revolves around the AI evolution and highlights stocks he sees aiding growth in the sector.
Applied Digital Corp (NASDAQ:APLD) shares are trading lower during Friday's pre-market session as traders continue to digest the latest AI campus deal headlines.
Applied Digital Corporation has secured a 15-year, $7.5B take-or-pay lease at Polaris Forge 3, confirming its transition to a scaled, contracted AI infrastructure platform. APLD surpasses 1 GW of total contracted IT load, with repeat hyperscaler demand and 65% of revenue now tied to investment-grade clients. Valuation is rich, with EV/sales at 32x forward and EV/EBITDA at 136x, reflecting high market confidence in backlog conversion and future margin expansion.
The AI infrastructure designer signed another multibillion-dollar deal.
Applied Digital (APLD) rallied on May 21 after Needham said the firm's 15-year lease agreement for 300 MW of critical capacity at its advanced Polaris Forge 3 data center campus in North Dakota will drive its share price higher. In a research note this morning, analyst John Todaro told clients that the multi-billion-dollar hyper-scaler commitment offers exceptional visibility and predictability into future revenue.
Nebius Group (NBIS), CoreWeave (CRWV) and IREN Limited (IREN) rose on Thursday after Nvidia (NVDA) said rental prices for H100 GPUs continued climbing, undersco
Applied Digital bets on direct-to-chip cooling to attract hyperscalers as AI rack densities strain traditional air-cooled systems.
Applied Digital signs $7.5B long-term lease agreement with U.S. based high investment-grade hyperscaler for fourth AI Factory campus, Polaris Forge 3.
Applied Digital's AI hosting expansion and Microsoft Azure's hyperscale AI buildout reflect rising demand for large-scale compute infrastructure.
Applied Digital Corp (NASDAQ: APLD) stock is trading lower on Monday. This downward movement tracks a broader decline across crypto-related equities.
Core Scientific (CORZ) offers a more attractive risk/reward profile than Applied Digital (APLD) due to its larger, immediately leasable power capacity and faster delivery schedule. CORZ is set to deliver 590 MW to CoreWeave over 12 months, with 243 MW already being billed and the remainder expected ahead of APLD's timeline. APLD's near-term upside is limited, with most capacity set for delivery further out, while trading at a premium 23x FY27 sales versus CORZ's 14x CY26 sales.
Applied Digital trades at a premium, but expanding AI data center capacity and $23B in contracted lease revenues keep growth expectations elevated.
IREN Limited's NVIDIA deal adds $700M ARR potential as the company ramps AI cloud capacity and targets $3.7B ARR by 2026-end.
Applied Digital's ChronoScale stake expands its AI strategy beyond data centers, adding GPU cloud exposure as AI compute demand accelerates.
Applied Digital (APLD 0.58%) just added a massive AI infrastructure catalyst with its $7.5 billion hyperscaler deal, pushing contracted revenue above $23 billion. The upside story is getting stronger, but the stock's huge rally, rising debt load, and execution demands make this one of the most important AI infrastructure stories to watch.
Applied Digital Corporation (APLD) reported earnings 30 days ago. What's next for the stock?
ChronoScale to begin trading on Nasdaq under ticker CHRN Applied Digital to retain approximately 97% ownership and invest $15.75 million at closing DALLAS, May 05, 2026 (GLOBE NEWSWIRE) -- Applied Digital Corporation (NASDAQ: APLD), a designer, builder, and operator of high-performance, sustainably engineered data centers and colocation services for artificial intelligence, cloud, networking, and blockchain workloads, today announced the closing of its previously disclosed transaction to contribute its cloud business to EKSO Bionics Holdings, Inc. (“EKSO”). As a result, the cloud business became a wholly owned subsidiary of EKSO, and EKSO changed its name to ChronoScale Corporation (“ChronoScale”).
DALLAS, May 04, 2026 (GLOBE NEWSWIRE) -- Applied Digital Corporation (NASDAQ: APLD), a designer, builder, and operator of high-performance, sustainably engineered data centers and colocation services for artificial intelligence, cloud, networking, and blockchain workloads, today announced the closing of a $300 million senior secured bridge facility led by Goldman Sachs.
On the Lightning Round of Mad Money on April 29, 2026, a caller named Bob from Florida told Jim Cramer he was “knee-deep in Applied Digital right now, and they just signed that big $7.5 billion contract.
Reid Hoffman, the LinkedIn co-founder and prolific Silicon Valley investor, is making one of the boldest calls of his career on artificial intelligence. Speaking on "Money And Wealth With John Hope Bryant" in an episode titled "AI Is the Tsunami: Reid Hoffman on Jobs, Wealth and the Future of Work," Hoffman argued that AI is... LinkedIn Co-Founder: AI Will Give Everyone Free Lawyers, Doctors and Teachers Within Years
On CNBC's “Mad Money Lightning Round,” Jim Cramer said there is no reason to buy Flagstar Bank, National Association (NYSE:FLG).
Jay Woods of Freedom Capital Markets said volatility in AI infrastructure stocks is creating selective buying opportunities, particularly in smaller names like Applied Digital Corp. (NASDAQ:APLD).
These fast-growing companies have delivered impressive gains for investors so far in 2026, and they can continue to soar.
He is preparing for an unprecedented global change as AI takes over.
Applied Digital (APLD +12.15%) is building a serious AI infrastructure story, but the market is forcing investors to confront the gap between explosive growth and real execution risk. That tension is what could decide whether this recent pullback becomes a major opportunity or a warning sign.
Cloud titans are turning to the next-gen data center builder for their AI infrastructure needs.
Analysts are nearly unanimous in calling these two artificial intelligence (AI) stocks buys.
Stocks are subdued but up off their sharp open lower as investors wrangle with Iran tensions and earnings reports
Applied Digital has signed a long-term lease worth $7.5 billion with an unnamed U.S.-based hyperscaler at its new Delta Forge 1 site, it said on Thursday, strengthening its position as a data center provider for artificial intelligence workloads.
In a $7.5 billion deal, Applied Digital entered into a lease agreement with a new U.S. based high investment-grade hyperscaler at Delta Forge 1 AI campus.
Applied Digital Inc (NASDAQ:APLD) shares are trading lower on Tuesday, though the stock has extended a massive 723% twelve‑month rally into stretched valuations. Here's what you should know.
Applied Digital Corporation is positioned to benefit from hyperscaler demand for third-party data center hosting amid power constraints. APLD has secured 1GW of grid power and is developing an additional 1.2GW, with $16B in contracted revenue and three major sites underway. I assign APLD a Hold rating with a $31.17/share price target, citing a rich 195x EV/aEBITDA valuation that already prices in significant growth.
The Undercovered Dozen series spotlights 12 lesser-covered stocks from the past week on Seeking Alpha. This week's edition covers articles published between April 10 and April 16, offering fresh investment ideas. The focus is on stocks that may offer unique opportunities due to limited analyst coverage.
Several artificial intelligence (AI) stocks are expected to see incredible growth over the next few years. The market isn't pricing in some of the incredible growth expected from this group.
Applied Digital is growing rapidly thanks to huge AI demand. Applied Digital needs debt to fund its buildout.
CoreWeave and Nebius are seeing huge demand for their computing platforms. Applied Digital's latest results indicated huge progress toward more data center capacity.
Applied Digital has been a top-performing stock over the past year, and its outstanding growth prospects point to more upside.
IREN edges past APLD with stronger contracts, funding and a lower valuation, while Applied Digital faces timing risks tied to leases and power availability.
The Nasdaq is gunning for a 10th-straight win, while the Dow and S&P 500 join in on the rally
Applied Digital relies on a small customer base, fueling strong growth, but heavy dependence on a key client clouds long-term visibility.
Applied Digital's revenues grow sharply, but mounting costs, ongoing losses and dependence on a single tenant keep its long-term outlook uncertain.
Applied Digital Corporation (NASDAQ: APLD - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the sixteen analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, twelve have given a buy rating and two have given a strong buy rating
Applied Digital (APLD +2.62%) has the kind of AI growth story that can pull investors in fast, but the deeper you look, the more tension you find. This video breaks down why the upside still looks real, why the risks suddenly matter more, and what could decide where the stock goes next.
APLD's FQ3 earnings highlighted its HPC hosting segment's immense earnings upside potential, after reporting a 24.7% segment operating margin. Amendments to CoreWeave's leases de-risk the agreements and allow raising the final Polaris Forge 1 debt tranche and refinancing the $2.35 billion debt at more favorable terms. A lease agreement for Delta Forge 1 could be announced by April 18th, while CoreWeave's latest deals with Meta and Anthropic potentially suggest additional leases at Polaris Forge 1.
They collectively sold out of the shares on Thursday, despite very impressive fundamentals. A bullish analyst note helped change their minds the following day.
Applied Digital remains a buy after a 20% pullback, supported by robust long-term growth prospects and reaffirmed $1B NOI target. Q3 revenue surged 139% YoY, but no new leases were secured, raising questions about near-term demand strength. Debt levels have increased following a $2.15B senior notes offering, introducing higher leverage risk despite a still-strong cash balance.
Applied Digital delivered a strong Q3'26, beating top and bottom line estimates amid rapid Data Center expansion. APLD's 139% Y/Y revenue growth is driven by hyperscaler AI infrastructure demand, but operating losses and debt have surged due to aggressive CapEx. With 700 MWs of IT load under construction, APLD is positioned to benefit from secular Data Center CapEx growth, despite its high 12.1X forward P/S.
Applied Digital remains a hold as recurring lease revenue scales and financing conditions improve, but equity returns and dilution risks persist. Q3 FY2026 results confirm a transition to higher-quality, recurring revenue, with ~$44m of $71m HPC segment revenue now from base rent tied to long-term leases. Financing conditions have improved with new debt at 6.75% and strengthened CoreWeave lease structures, but total debt remains high at $2.7-2.8b.
Applied Digital is scaling AI and blockchain data centers, targeting hyperscale clients with long-term leases and aggressive capacity expansion. APLD has secured $16B in aggregate rental revenue via five long-term leases and is marketing over 4 GW of accessible power. Financial health is improving with nearly $2B in cash, but operating losses are widening, and profitability is not expected before 2028.
Applied Digital this week posted fiscal third-quarter revenue of $126.6 million versus a $76.56 million estimate and delivered adjusted EPS of nine cents versus expectations for a loss of 10 cents.
APLD posts a wider Q3 loss, but revenues soar 139% on HPC growth and data center demand, as massive hyperscaler deals signal long-term expansion potential.
Applied Digital (APLD) reported fiscal third-quarter revenue that more than doubled from a year earlier, though a substantial net loss tied to a business separa
