Applied Digital Corporation (APLD)

US — Technology Sector
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Key Metrics & Ratings

  • symbol APLD
  • Rev/Share 0.9943
  • Book/Share 2.2381
  • PB 4.6111
  • Debt/Equity 1.9959
  • CurrentRatio 0.6968
  • ROIC -0.0416

 

  • MktCap 2322727354.0
  • FreeCF/Share -2.1068
  • PFCF -4.9561
  • PE -9.4364
  • Debt/Assets 0.582
  • DivYield 0
  • ROE -0.7491

 

  • Rating D+
  • Score 1
  • Recommendation Strong Sell
  • P/E Score 1
  • DCF Score 1
  • P/B Score 2
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Downgrade APLD Compass Point Buy Neutral -- $13 June 9, 2025
Initiation APLD Citizens JMP -- Mkt Outperform -- $12 May 22, 2025
Initiation APLD Compass Point -- Buy -- $10 Jan. 28, 2025
Initiation APLD Cantor Fitzgerald -- Overweight -- $15 Dec. 20, 2024

News

APLD: A Turnaround in Profitability or Mirage Behind Adjusted EBITDA?
APLD
Published: June 24, 2025 by: Zacks Investment Research
Sentiment: Neutral

Applied Digital posts a big jump in adjusted EBITDA, but a deeper look reveals mounting losses and strategic uncertainty ahead.

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image for news APLD: A Turnaround in Profitability or Mirage Behind Adjusted EBITDA?
Applied Digital: Now the High-Stakes Race to Build Begins
APLD
Published: June 17, 2025 by: MarketBeat
Sentiment: Neutral

The artificial intelligence (AI) revolution has ignited a modern gold rush, not for precious metals, but for the vast digital infrastructure required to power it. In this high-stakes environment, Applied Digital Corporation NASDAQ: APLD has made a bold pivot to position itself as a key contender.

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image for news Applied Digital: Now the High-Stakes Race to Build Begins
Applied Digital vs. Equinix: Which AI-Infra Stock Offers More Edge?
APLD, EQIX
Published: June 17, 2025 by: Zacks Investment Research
Sentiment: Positive

As artificial intelligence drives explosive demand for data center infrastructure, investors are increasingly eyeing companies powering this digital backbone. Applied Digital APLD and Equinix EQIX are two such stocks riding the AI infrastructure wave, but from very different angles.

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image for news Applied Digital vs. Equinix: Which AI-Infra Stock Offers More Edge?
Applied Digital's Cloud Services Business Divestment Looks Promising
APLD
Published: June 16, 2025 by: Zacks Investment Research
Sentiment: Positive

APLD sheds its cloud unit to fix customer conflicts, fuel REIT plans, and ride strong HPC data-center leasing momentum.

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image for news Applied Digital's Cloud Services Business Divestment Looks Promising
ABB and Applied Digital accelerate AI-ready data centers
APLD
Published: June 11, 2025 by: GlobeNewsWire
Sentiment: Neutral

Applied Digital, a builder and operator of next-generation data centers, has launched an infrastructure partnership with ABB at the company's greenfield 400 MW campus in North Dakota, United States. The collaboration will innovate fast, reliable, energy-efficient solutions to meet the needs of rapidly advancing artificial intelligence (AI) capabilities. As part of this long-term partnership, the first orders were booked in Q4 2024 and Q1 2025. Further financial details of the partnership were not disclosed.

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image for news ABB and Applied Digital accelerate AI-ready data centers
What I Learned About Investing in YieldMax ETFs – Beyond MSTY and LFGY
APLD, APLY, ASTS, FBY, GOOY, JEPQ, LFGY, MSTR, MSTY, NVDY, PLTR, PLTY, QYLD, TSLY, ULTY, WNTR, YMAG
Published: June 11, 2025 by: 24/7 Wall Street
Sentiment: Neutral

YieldMax has a broad catalog of ETFs predicated on artificially generating high yield dividends by the use of derivatives against volatile stocks, cryptocurrencies, and various portfolio collections by industry or other criteria.

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image for news What I Learned About Investing in YieldMax ETFs – Beyond MSTY and LFGY
APLD Doubles Down on AI/ML Hosting With Landmark CoreWeave Lease
APLD
Published: June 10, 2025 by: Zacks Investment Research
Sentiment: Positive

Applied Digital secures a $7 billion, 15-year lease with CoreWeave, fueling its shift to a pure-play AI infrastructure.

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image for news APLD Doubles Down on AI/ML Hosting With Landmark CoreWeave Lease
APLD Accelerates Hyperscale Growth With $5B Expansion Backing
APLD
Published: June 06, 2025 by: Zacks Investment Research
Sentiment: Positive

Applied Digital lands $5B in backing to supercharge its Ellendale campus build-out and chase hyperscale infrastructure dominance.

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image for news APLD Accelerates Hyperscale Growth With $5B Expansion Backing
APLD Doubles in One Week, CRWV "Parabolic" Move Halts
APLD, CRWV
Published: June 05, 2025 by: Schwab Network
Sentiment: Positive

Applied Digital (APLD) became a massive winner after inking a 15-year deal with Coreweave (CRWV). Meanwhile, the company backed by Nvidia (NVDA) pulled back from its substantial rally since its IPO in late March.

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image for news APLD Doubles in One Week, CRWV "Parabolic" Move Halts
Why Applied Digital Stock Skyrocketed Again Today
APLD
Published: June 04, 2025 by: The Motley Fool
Sentiment: Positive

Applied Digital (APLD 29.56%) stock closed out Wednesday's trading with another day of explosive gains. The company's share price was up 29.6% at the end of the daily session.

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image for news Why Applied Digital Stock Skyrocketed Again Today
Call Traders Blast Applied Digital Stock Amid 3-Year Highs
APLD
Published: June 04, 2025 by: Schaeffers Research
Sentiment: Positive

Digital infrastructure stock Applied Digital Corp (NASDAQ:APLD) was last seen up 29.2% at $13.24, extending this week's rally after the company announced a 15-year, $7 billion deal with cloud service name CoreWeave (CRWV) to help build artificial intelligence (AI) data centers.

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image for news Call Traders Blast Applied Digital Stock Amid 3-Year Highs
Applied Digital: CoreWeave's AI Deal Lights a $7 Billion Fuse
APLD
Published: June 03, 2025 by: MarketBeat
Sentiment: Positive

The company's stock price has seen a significant upward movement, surging nearly 50% on June 2, 2025, and continuing to rise in the pre-market hours of June 3, 2025.

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image for news Applied Digital: CoreWeave's AI Deal Lights a $7 Billion Fuse
Applied Digital shares rip 40% higher on CoreWeave AI lease agreement
APLD, CRWV
Published: June 02, 2025 by: CNBC
Sentiment: Positive

CoreWeave and Applied Digital have signed two long-term lease agreements for artificial intelligence data centers, according to a release. Shares of Nvidia-backed CoreWeave climbed more than 7% while Applied Digital shares rose more than 40%.

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image for news Applied Digital shares rip 40% higher on CoreWeave AI lease agreement
Applied Digital and CoreWeave ink 15-year lease worth $7 billion
APLD, CRWV
Published: June 02, 2025 by: Reuters
Sentiment: Positive

Applied Digital said on Monday it has entered into two 15-year leases with CoreWeave , a specialized cloud services provider backed by Nvidia , which will generate about $7 billion in revenue for the data center operator over the lease period.

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image for news Applied Digital and CoreWeave ink 15-year lease worth $7 billion
Applied Digital Announces 250MW AI Data Center Lease With CoreWeave in North Dakota
APLD
Published: June 02, 2025 by: GlobeNewsWire
Sentiment: Neutral

DALLAS, June 02, 2025 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD), a designer, builder and operator of next-generation digital infrastructure for HPC applications, has entered into two approximately 15-year lease agreements with CoreWeave , the AI Hyperscaler™. Under the lease agreements, Applied Digital will deliver 250 megawatts (MW) of critical IT load to host CoreWeave's artificial intelligence (AI) and high-performance computing (HPC) infrastructure at its Ellendale, North Dakota data center campus.

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image for news Applied Digital Announces 250MW AI Data Center Lease With CoreWeave in North Dakota
Applied Digital Rises 69% in a Month: Buy, Sell or Hold the Stock?
APLD
Published: May 28, 2025 by: Zacks Investment Research
Sentiment: Negative

Applied Digital Corporation's APLD shares have surged 69.4% over the past month after declining till mid-April. The decline in its share price was not due to micro-factors but industry-specific headwinds, as certain hyperscalers were cancelling their leases during the first quarter of 2025.

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image for news Applied Digital Rises 69% in a Month: Buy, Sell or Hold the Stock?
5 Small-Cap Stocks to Watch for Big Speculative Gains
AEVA, APLD, ATRO, ROOT, TDUP
Published: May 21, 2025 by: MarketBeat
Sentiment: Neutral

Small caps are risky for investors, but can pay richly, which is why investors need exposure. The question is the best approach, which is a cautious one, taking the time to watch and wait for the right stocks and not investing too much into any one.

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image for news 5 Small-Cap Stocks to Watch for Big Speculative Gains
Applied Digital's Strategic AI Play Gains Momentum
APLD
Published: May 21, 2025 by: MarketBeat
Sentiment: Positive

Recent upward momentum in Applied Digital's NASDAQ: APLD stock has drawn investors' attention to its role as an emerging player in the critical artificial intelligence (AI) infrastructure landscape.

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image for news Applied Digital's Strategic AI Play Gains Momentum
3 Red-Hot Cloud Infrastructure Stocks Powering 2025 Growth
APLD, BASE, FSLY
Published: May 07, 2025 by: MarketBeat
Sentiment: Positive

The size of the global cloud computing market is expected to roughly double from 2023 to 2028, reaching nearly $1.3 trillion by the end of that five-year period. Demand for cloud computing continues to surge, and the companies that make this technology possible—data centers, platform operators, and others catering to cloud infrastructure needs—stand to be primary recipients of the increase in spending on all things cloud.

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image for news 3 Red-Hot Cloud Infrastructure Stocks Powering 2025 Growth
How to Play APLD Stock After a 27% Decline Following Q3 Results?
APLD
Published: April 24, 2025 by: Zacks Investment Research
Sentiment: Negative

Applied Digital Corporation's APLD shares have plunged 27.4% since the company announced its third-quarter fiscal 2025 results on April 14. The stock has underperformed the broader Finance sector's decline of 4.1%.

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image for news How to Play APLD Stock After a 27% Decline Following Q3 Results?
Applied Digital: AI Data Center Hype or Real Value?
APLD
Published: April 21, 2025 by: MarketBeat
Sentiment: Neutral

Applied Digital Inc. NASDAQ: APLD designs and operates purpose-built artificial intelligence (AI) data centers. The computer and technology sector company originally provided cryptocurrency mining hosting services, as Applied Blockchain provided hosting services for one of the largest bitcoin miners, MARA Holdings Inc. NASDAQ: MARA.

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image for news Applied Digital: AI Data Center Hype or Real Value?
Applied Digital's Q3 Earnings & Revenues Miss Estimates, Stock Down
APLD
Published: April 15, 2025 by: Zacks Investment Research
Sentiment: Negative

APLD's third-quarter fiscal 2025 results reflect strong cloud growth and better EBITDA despite a year-over-year dip in Data Center Hosting revenues.

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image for news Applied Digital's Q3 Earnings & Revenues Miss Estimates, Stock Down
Applied Digital shares plummet after revenue miss, plans cloud business exit
APLD
Published: April 15, 2025 by: Proactive Investors
Sentiment: Negative

Shares of Applied Digital Corp (NASDAQ:APLD) fell 32% on Tuesday after the company reported weaker-than-expected quarterly results and announced plans to exit its cloud services business. The cryptocurrency miner and data center operator posted third-quarter revenue of $52.9 million, missing analyst estimates of $63.4 million.

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image for news Applied Digital shares plummet after revenue miss, plans cloud business exit
Why Applied Digital Stock Is Plummeting Today
APLD
Published: April 15, 2025 by: The Motley Fool
Sentiment: Negative

Applied Digital (APLD -30.45%) stock is seeing huge sell-offs Tuesday following the company's recent quarterly report. The data-center specialist's share price was down 28.7% as of 11:30 a.m.

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image for news Why Applied Digital Stock Is Plummeting Today
Applied Digital Shares Tank Almost 40% On 3Q, Why This Analyst Remains Bullish
APLD
Published: April 15, 2025 by: Benzinga
Sentiment: Negative

Shares of Applied Digital Corp APLD tanked in early trading after the company reported disappointing earnings for its fiscal third quarter.

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image for news Applied Digital Shares Tank Almost 40% On 3Q, Why This Analyst Remains Bullish
Should You Hold on to APLD Stock Despite its 24% Dip in 3 Months?
APLD
Published: March 28, 2025 by: Zacks Investment Research
Sentiment: Positive

Applied Digital's robust data center business and strong partner base make the stock worth holding amid the AI-stock selling frenzy.

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image for news Should You Hold on to APLD Stock Despite its 24% Dip in 3 Months?
3 Emerging Tech Stocks That Could Supercharge Your Portfolio
APLD, JOBY, POET
Published: March 20, 2025 by: The Motley Fool
Sentiment: Neutral

The first quarter of 2025 has brought significant challenges for technology investors. With the S&P 500 (^GSPC 1.08%) struggling amid renewed trade tensions and economic policy shifts under the Trump administration, many innovative companies have seen their market valuations compress dramatically -- regardless of their operational progress.

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image for news 3 Emerging Tech Stocks That Could Supercharge Your Portfolio
Why Applied Digital Stock Plummeted Today
APLD
Published: March 03, 2025 by: The Motley Fool
Sentiment: Negative

Applied Digital (APLD -14.00%) stock got hit with another round of big sell-offs in Monday's trading. The company's share price dropped 14% by the time the market closed.

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image for news Why Applied Digital Stock Plummeted Today
Why Applied Digital Stock Is Plummeting Today
APLD
Published: February 25, 2025 by: The Motley Fool
Sentiment: Negative

Applied Digital (APLD -10.53%) stock is getting hit with another sell-off in Tuesday's trading. The data center company's share price was down 10.8% as of 3 p.m.

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image for news Why Applied Digital Stock Is Plummeting Today
Why Applied Digital Stock Plummeted Today
APLD
Published: February 24, 2025 by: The Motley Fool
Sentiment: Negative

Applied Digital (APLD -15.30%) stock saw a dramatic valuation pullback in Monday's trading. The data-center specialist's share price ended the daily session down 15.3%.

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image for news Why Applied Digital Stock Plummeted Today

About Applied Digital Corporation (APLD)

  • IPO Date 2022-04-13
  • Website https://applieddigital.com
  • Industry Information Technology Services
  • CEO Mr. Wesley Cummins
  • Employees 150

Applied Digital Corporation designs, develops, and operates digital infrastructure solutions and cloud services high-performance computing (HPC) and artificial intelligence industries in North America. It operates through three segments: Data Center Hosting Business, Cloud Services Business, and HPC Hosting Business. The company offers infrastructure services to crypto mining customers; and GPU computing solutions for critical workloads related to AI, machine learning, and other HPC tasks. It also engages in the designing, constructing, and managing of data centers to support HPC applications. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporation is based in Dallas, Texas.