Applied Digital Corporation (APLD)

US — Technology Sector
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Key Metrics & Ratings

  • symbol APLD
  • Rev/Share 0.8559
  • Book/Share 4.3299
  • PB 7.8685
  • Debt/Equity 0.6705
  • CurrentRatio 0.6512
  • ROIC -0.0421

 

  • MktCap 8980713446.0
  • FreeCF/Share -3.8991
  • PFCF -9.0009
  • PE -33.7105
  • Debt/Assets 0.2919
  • DivYield 0
  • ROE -0.3735

 

  • Rating C-
  • Score 1
  • Recommendation Strong Sell
  • P/E Score 1
  • DCF Score 1
  • P/B Score 3
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Resumed APLD Compass Point -- Buy -- -- Sept. 15, 2025
Upgrade APLD Compass Point Neutral Buy -- $13 July 25, 2025
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 Stock Soars 272% in a Year: Will the Momentum Continue?
APLD
Published: December 09, 2025 by: Zacks Investment Research
Sentiment: Positive

Applied Digital shares soar 272% in a year, but lumpy earnings, valuation risks and tenant exposure cloud near-term gains.

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image for news APLD Stock Soars 272% in a Year: Will the Momentum Continue?
Liquid Cooling and 12-14-Month Build: Durable Bets for APLD Stock?
APLD
Published: December 08, 2025 by: Zacks Investment Research
Sentiment: Neutral

Applied Digital leans into liquid cooling, compressed build cycles and a fully leased Ellendale campus as hyperscaler AI demand tightens power and timing.

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image for news Liquid Cooling and 12-14-Month Build: Durable Bets for APLD Stock?
APLD's AI Pivot Explained: What the 2025-2027 Ramp Means for the Stock
APLD
Published: December 05, 2025 by: Zacks Investment Research
Sentiment: Neutral

Applied Digital's pivot to AI data centers, with $16B in long-term leases, signals a shift from crypto fit-out to recurring rent.

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image for news APLD's AI Pivot Explained: What the 2025-2027 Ramp Means for the Stock
Applied Digital Is Showing All The Right Signs With Its Liquid Cooling Investments
APLD
Published: December 05, 2025 by: Seeking Alpha
Sentiment: Positive

Applied Digital Corporation energized the first 100MW building at Polaris Forge 1, advancing toward its 400MW campus goal. APLD invested $25 million in Corintis to access advanced chip-level liquid cooling, targeting efficiency gains for AI data centers. Corintis technology could enable denser AI racks and support next-gen GPUs, with pilot deployment expected by late 2026 or early 2027.

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image for news Applied Digital Is Showing All The Right Signs With Its Liquid Cooling Investments
Will APLD's AI Infrastructure Push Set Up Long-Term Revenue Growth?
APLD
Published: December 05, 2025 by: Zacks Investment Research
Sentiment: Positive

Applied Digital's AI-focused data center build-out gains traction as new capacity comes online, setting the stage for potential long-term revenue growth.

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image for news Will APLD's AI Infrastructure Push Set Up Long-Term Revenue Growth?
3 Stocks to Buy for the Evolution of AI Infrastructure
APLD, IREN, VRT
Published: November 28, 2025 by: MarketBeat
Sentiment: Positive

The evolution of artificial intelligence (AI) is tied to physical infrastructure. Every breakthrough in AI models, training speeds, and inference workloads requires massive amounts of power, cooling, and compute capacity.

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image for news 3 Stocks to Buy for the Evolution of AI Infrastructure
10 AI Stocks I'd Buy Right Now
AMD, APLD, ASML, GOOG, GOOGL, IREN, NBIS, NVDA, NVTS, SOUN
Published: November 27, 2025 by: The Motley Fool
Sentiment: Negative

The recent artificial intelligence (AI) sell-off has created attractive entry points in names ranging from chipmakers to data center operators. Infrastructure plays like CoreWeave and Nebius have pulled back sharply despite locking in tens of billions in hyperscaler contracts.

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image for news 10 AI Stocks I'd Buy Right Now
5 Stocks to Buy Before Santa Claus Comes to Town
AMD, APLD, AVGO, MP, ONDS
Published: November 26, 2025 by: MarketBeat
Sentiment: Neutral

November was a challenging month for stocks, as macroeconomic concerns and concerns about an AI bubble weighed on prices. Most S&P 500 NYSEARCA: SPY stocks moved lower, but there is good news.

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image for news 5 Stocks to Buy Before Santa Claus Comes to Town
Will Applied Digital's Second Campus Unlock the Next Leg of Growth?
APLD
Published: November 21, 2025 by: Zacks Investment Research
Sentiment: Positive

APLD's new Polaris Forge 2 campus targets gigawatt-scale AI infrastructure as rising demand meets development constraints.

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image for news Will Applied Digital's Second Campus Unlock the Next Leg of Growth?
Stock Of The Day: Where Traders May Start Selling Applied Digital
APLD
Published: November 20, 2025 by: Benzinga
Sentiment: Negative

Applied Digital Corporation (NASDAQ: APLD) shares are trading lower on Thursday. Some analysts believe the reversal in NVIDIA Corporation (NASDAQ: NVDA) after its strong earnings report is the reason for the move.

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image for news Stock Of The Day: Where Traders May Start Selling Applied Digital
Can Applied Digital's AI Infrastructure Push Fuel Revenue Growth?
APLD
Published: November 18, 2025 by: Zacks Investment Research
Sentiment: Neutral

APLD moves forward on its AI infrastructure roadmap as Polaris Forge builds out and leasing activity supports growth.

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image for news Can Applied Digital's AI Infrastructure Push Fuel Revenue Growth?
Applied Digital Is A Sleeping Data Center Giant
APLD
Published: November 17, 2025 by: Seeking Alpha
Sentiment: Positive

Applied Digital (APLD) is positioned at the heart of the AI-driven data center infrastructure boom, with long-term leases fueling explosive growth. APLD's recent contracts provide strong revenue visibility, short payback periods, and minimal financing needs, supporting a credible path to $100 per share. With $3 billion in projected annual revenue by 2030 and robust margins, APLD offers high-visibility upside from its current ~$23.50 price, justifying a Buy rating.

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image for news Applied Digital Is A Sleeping Data Center Giant
Should You Hold APLD at 16.8x P/E? 3 Reasons Despite the Premium
APLD
Published: November 17, 2025 by: Zacks Investment Research
Sentiment: Positive

Applied Digital's valuation, rising AI-focused buildout and strong YTD move highlight the company's evolving positioning in the data-center market.

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image for news Should You Hold APLD at 16.8x P/E? 3 Reasons Despite the Premium
Applied Digital Advances AI Factory Buildout with Second $787.5 Million Draw from Macquarie Asset Management
APLD
Published: November 12, 2025 by: GlobeNewsWire
Sentiment: Neutral

DALLAS, Nov. 12, 2025 (GLOBE NEWSWIRE) -- Applied Digital (the “Company”) (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 announced today it expects to receive additional funding as part of its previously disclosed perpetual preferred equity financing facility of up to $5.0 billion with Macquarie Asset Management. The anticipated additional draws of an aggregate amount equal to $787.5 million are expected to be completed by the end of the month and will support the continued build-out of Applied Digital's Polaris Forge 1 and Polaris …

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image for news Applied Digital Advances AI Factory Buildout with Second $787.5 Million Draw from Macquarie Asset Management
VRT vs. APLD: Which Data Center Infrastructure Stock Has More Upside?
APLD, VRT
Published: November 07, 2025 by: Zacks Investment Research
Sentiment: Positive

Vertiv's accelerating AI-driven growth, expanding backlog, and strategic deals position it ahead of Applied Digital in data center infrastructure gains.

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image for news VRT vs. APLD: Which Data Center Infrastructure Stock Has More Upside?
Applied Digital Q1: The Once-In-A-Generation Breakout Begins
APLD
Published: November 06, 2025 by: Seeking Alpha
Sentiment: Positive

Applied Digital Corporation reported Q1 '26 results well above expectations, driven by tenant fit-out revenue for CoreWeave and rapid AI data center expansion. APLD's transformation from crypto hosting to AI infrastructure has fueled a 29,000% five-year stock gain, with recent momentum from major lease deals and Macquarie financing. Key investment theses include accelerating revenue from fit-out work, execution on large-scale projects, and customer diversification with a new hyperscaler lease.

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image for news Applied Digital Q1: The Once-In-A-Generation Breakout Begins
How Applied Digital Reinvented Itself
APLD
Published: November 06, 2025 by: Seeking Alpha
Sentiment: Positive

Applied Digital evolved from Bitcoin hosting to AI infrastructure, securing $16 billion in hyperscale leases across 600 MW of capacity. Fiscal Q1 2026 revenue jumped 84% to $64.2 million, signaling strong execution ahead of high-margin lease activation. The $5 billion Macquarie partnership enables $25 billion in scalable AI factory development without shareholder dilution.

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image for news How Applied Digital Reinvented Itself
Applied Digital vs. IREN: Which AI Data Center Stock Has an Edge?
APLD, IREN
Published: October 29, 2025 by: Zacks Investment Research
Sentiment: Positive

APLD's AI-optimized data centers, powered by its CoreWeave deal, give it an edge over IREN Limited's bitcoin-exposed growth story.

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image for news Applied Digital vs. IREN: Which AI Data Center Stock Has an Edge?
Will Buying Applied Digital Below $40 Make Investors Rich?
APLD
Published: October 29, 2025 by: The Motley Fool
Sentiment: Positive

Applied Digital (APLD 0.13%) is transforming into one of America's fastest-scaling artificial intelligence (AI) infrastructure developers, with $16 billion in long-term deals powering its growth. From data centers to hyperscaler partnerships, its bold expansion signals a massive shift in AI computing -- and a potentially lucrative future for investors.

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image for news Will Buying Applied Digital Below $40 Make Investors Rich?
Should You Buy Applied Digital (APLD) Stock Right Now?
APLD
Published: October 26, 2025 by: The Motley Fool
Sentiment: Positive

Applied Digital is in a fast-growing field, supporting data centers. It could be worth buying if you plan to hang on to it for many years.

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image for news Should You Buy Applied Digital (APLD) Stock Right Now?
Will Applied Digital's Pivot to AI Infrastructure Broaden Its Revenue Base?
APLD
Published: October 23, 2025 by: Zacks Investment Research
Sentiment: Negative

APLD deepens its AI pivot with new data centers and long-term leases, aiming to replace crypto-driven volatility.

Read More
image for news Will Applied Digital's Pivot to AI Infrastructure Broaden Its Revenue Base?
3 Stocks Powering Data Center Growth
APLD, JCI, PSTG
Published: October 23, 2025 by: Seeking Alpha
Sentiment: Positive

Data centers are central to AI's physical infrastructure, with 25.6% annual growth projected through 2034, and investment expected to exceed traditional office buildings in 2025. Hyperscalers, chip stocks, and utilities have been AI investment favorites, but key upstream subsectors remain overlooked. SA Quant has a strong track record of identifying AI-related stocks, with recent AI infrastructure selections averaging 19% returns since Aug. 28.

Read More
image for news 3 Stocks Powering Data Center Growth
Applied Digital: Powering The AI Boom
APLD
Published: October 23, 2025 by: Seeking Alpha
Sentiment: Positive

Applied Digital Corporation (APLD) is positioned as a key AI infrastructure provider, with rapid expansion and major contracts like CoreWeave driving long-term growth. APLD's revenue is set to surge as contracted capacity comes online, with 15-year agreements ensuring stable cash flows and supporting a bullish investment thesis. Valuation remains attractive, with a 36-month price target of $40–$45 per share, though execution risks and customer concentration warrant ongoing monitoring.

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image for news Applied Digital: Powering The AI Boom
Applied Digital inks $5B, 15-year lease with US hyperscaler for North Dakota AI campus
APLD
Published: October 22, 2025 by: Proactive Investors
Sentiment: Positive

Applied Digital (NASDAQ:APLD) announced a lease agreement valued at approximately $5 billion with a US-based investment-grade hyperscaler for its upcoming Polaris Forge 2 Campus near Harwood, North Dakota. The 15-year agreement covers 200 megawatts (MW) of critical IT capacity designed to support artificial intelligence (AI) and high-performance computing (HPC) infrastructure.

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image for news Applied Digital inks $5B, 15-year lease with US hyperscaler for North Dakota AI campus
Applied Digital: The Overlooked Powerhouse Behind The AI Boom
APLD
Published: October 16, 2025 by: Seeking Alpha
Sentiment: Neutral

Applied Digital transformed from a blockchain host into an AI infrastructure utility, constructing and leasing hyperscale GPU data centers nationwide. The $11 billion CoreWeave lease covers 400 MW at Polaris Forge 1, ensuring 15 years of recurring, inflation-indexed revenue. Q1 FY2026 revenue rose 84% year-over-year to $64.2 million, driven by tenant fit-out progress and full hosting utilization.

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image for news Applied Digital: The Overlooked Powerhouse Behind The AI Boom
Applied Digital's Shorts Got Squeezed—Now What?
APLD
Published: October 13, 2025 by: MarketBeat
Sentiment: Neutral

While the robustly improving outlook for AI-driven demand, revenue, and earnings sparked the 30% October increase in share prices, short interest made the movement so significant.

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image for news Applied Digital's Shorts Got Squeezed—Now What?
The Big 3: WULF, APLD, UUUU
APLD, UUUU, WULF
Published: October 10, 2025 by: Schwab Network
Sentiment: Positive

"Nothing's going to stop this train" when it comes to the A.I. trade, says @Stockstotrade's Tim Bohen.

Read More
image for news The Big 3: WULF, APLD, UUUU
Applied Digital stock climbs 16% as AI demand fuels data center growth
APLD
Published: October 10, 2025 by: CNBC
Sentiment: Positive

Applied Digital stocks surged 16% Friday after the company posted strong first-quarter revenue results. The company expanded on its $7 billion lease agreement for artificial intelligence data centers with CoreWeave.

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image for news Applied Digital stock climbs 16% as AI demand fuels data center growth
Applied Digital's CoreWeave Deal Just Became An $11 Billion AI Power Play
APLD, CRWV
Published: October 10, 2025 by: Benzinga
Sentiment: Positive

Applied Digital Corp (NASDAQ:APLD) has inked one of the biggest capacity expansions yet in the AI data center race.

Read More
image for news Applied Digital's CoreWeave Deal Just Became An $11 Billion AI Power Play
Here's Why Applied Digital Stock Is Soaring Friday
APLD
Published: October 10, 2025 by: Investopedia
Sentiment: Positive

Shares of Applied Digital (APLD) soared more than 20% Friday morning after the artificial intelligence (AI) data center service provider posted better-than-expected sales on rising demand.

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image for news Here's Why Applied Digital Stock Is Soaring Friday

About Applied Digital Corporation (APLD)

  • IPO Date 2022-04-13
  • Website https://applieddigital.com
  • Industry Information Technology Services
  • CEO 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.