Applied Digital
APLD
Market cap $1.6B

7.45 USD

-0.59

7.34%

At close Oct 4, 4:00 PM EDT

After hours

7.46

+0.01

0.13%

1 day

-7.34%

5 days

-3.50%

1 month

63.74%

3 months

4.34%

6 months

138.02%

Year to date

7.04%

1 year

44.10%

5 years

53.61%

About: Applied Digital Corp is a designer, developer, and operator of next-generation digital infrastructure across North America. It provides digital infrastructure solutions and cloud services to industries like High-Performance Computing (HPC) and Artificial Intelligence (AI). The company operates in the following business segments; Data Center Hosting Business, Cloud Services Business, and HPC Hosting Business. The majority of its revenue is generated from the Data Center Hosting Business which operates data centers to provide energized space to crypto mining customers.

Employees: 150

Information Technology Computer Processing & Data Preparation

0

Funds holding %

of 6,728 funds

0

Analysts bullish %

of 8 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

785% more call options, than puts

Call options by funds: $39.4M | Put options by funds: $4.45M

133% more repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 24

83% more first-time investments, than exits

New positions opened: 42 | Existing positions closed: 23

82% more capital invested

Capital invested by funds: $275M [Q1] → $500M (+$225M) [Q2]

75% more funds holding in top 10

Funds holding in top 10: 4 [Q1] → 7 (+3) [Q2]

17% more funds holding

Funds holding: 113 [Q1] → 132 (+19) [Q2]

4.86% more ownership

Funds ownership: 52.95% [Q1] → 57.81% (+4.86%) [Q2]

See Fund Rankings

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$5

33%

downside

Avg. target

$9.75

31%

upside

High target

$11

48%

upside

8 analyst ratings

8 positive

100%

0 neutral

0%

0 negative

0%

B. Riley Securities Lucas Pipes 56% 1-year accuracy 32 / 57 met price target	21%upside $9	Buy Maintained	13 Sept 2024
Needham John Todaro 54% 1-year accuracy 25 / 46 met price target	48%upside $11	Buy Reiterated	9 Sept 2024
Roth MKM Darren Aftahi 37% 1-year accuracy 10 / 27 met price target	34%upside $10	Buy Maintained	5 Sept 2024
Roth MKM Darren Aftahi 37% 1-year accuracy 10 / 27 met price target	34%upside $10	Buy Maintained	29 Aug 2024
Needham John Todaro 54% 1-year accuracy 25 / 46 met price target	48%upside $11	Buy Reiterated	29 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 6 articles about APLD published over the past 30 days

12 Stocks To Profit From The Boom In Data Centers And Artificial Intelligence

Amazon recently announced that it will invest several billions more in UK-based data centers. In the AI server space, Dell Technologies and Super Micro have also benefited from the data center boom, up 71% and 82%, respectively, in the past 12 months. Bitcoin miners are increasingly pivoting to artificial intelligence data center operations, leveraging their existing infrastructure and expertise to capitalize on the growing demand for AI computing.

12 Stocks To Profit From The Boom In Data Centers And Artificial Intelligence

Zacks Investment Research

Applied Digital Corporation (APLD) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

Applied Digital Corporation (APLD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Applied Digital Corporation (APLD) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

Zacks Investment Research

CORZ, WULF and APLD Stocks Set to Boom? Thank AI/ Bitcoin Data Centers

Data centers, AI, and Bitcoin mining are three fast-growing businesses bound to be multi-year megatrends. CORZ, WULF, and APLD are three companies that should benefit for years.

CORZ, WULF and APLD Stocks Set to Boom? Thank AI/ Bitcoin Data Centers

Very good news for Applied Digital (APLD) stock; but risks remain

The Applied Digital (APLD) stock price has gone parabolic in the past few days, making it one of the best-performing companies in Wall Street. The stock surged to a high of $6.60, its highest point since July 17th and 120% above its lowest point this month.

Very good news for Applied Digital (APLD) stock; but risks remain

Is Applied Digital's Stock Set to Surge With NVIDIA's Backing?

Applied Digital NASDAQ: APLD saw its stock soar nearly 20% last week after announcing a significant $160 million strategic financing deal through a private placement, priced at market value. This investment came from institutional and accredited investors, including tech giant NVIDIA NASDAQ: NVDA and Related Companies, one of the largest privately-owned real estate firms specializing in complex infrastructure and data center development.

Is Applied Digital's Stock Set to Surge With NVIDIA's Backing?

The Motley Fool

Nvidia Invested in Applied Digital, and the Stock Price Soared by 65%

The investment will help Applied Digital build data centers optimized for high-performance computing.

Nvidia Invested in Applied Digital, and the Stock Price Soared by 65%

Applied Digital: Q4 2024 Earnings And Nvidia Investment

Applied Digital faces significant financial challenges, including negative gross margins, and substantial net losses, necessitating recent capital raises. Despite raising $210 million, including a $160 million private placement involving NVIDIA, concerns about true market demand for AI/HPC services persist. The NVIDIA deal raises questions about demand sustainability, as NVIDIA's vendor financing may indicate oversupply rather than genuine market need.

Applied Digital: Q4 2024 Earnings And Nvidia Investment

Zacks Investment Research

Applied Digital Corporation (APLD) Soars 65.7%: Is Further Upside Left in the Stock?

Applied Digital Corporation (APLD) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

Applied Digital Corporation (APLD) Soars 65.7%: Is Further Upside Left in the Stock?

Nvidia Contributes to $160 Million Applied Digital Funding Round

Data center operator Applied Digital is the latest company benefiting from investors' artificial intelligence appetites. The firm raised $160 million in a financing round that included backers like AI chip giant Nvidia, The Wall Street Journal reported Thursday (Sept.

Nvidia Contributes to $160 Million Applied Digital Funding Round

Applied Digital surges on funding deal with investors, including Nvidia

Applied Digital shares soared nearly 43% in early trading on Thursday, after the data center operator said it would receive $160 million in financing from a group of investors, including chip giant Nvidia.

Applied Digital surges on funding deal with investors, including Nvidia

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