Applied Digital

APLD

Market cap $7.62B

Applied Digital builds and operates data centers for artificial intelligence (AI) clients. The company expects monster growth over the next few years.

Applied Digital's lease contracts include termination clauses that let tenants walk away without penalty if construction targets are missed. The company's debt has ballooned from $468 million to $2.6 billion in one year, even as it continues to operate at a loss.

The last thing investors are thinking about right now -- as Wall Street wrestles with AI disruption -- is a short squeeze.

Applied Digital can help you profit off the growing demand for AI data centers. Reddit's authentic human discussions sets it apart amid the spread of AI-generated content.

Applied Digital has already signed deals with two hyperscalers to fill its data centers. Riot Platforms is a Bitcoin miner that just made the pivot to data centers.

The sell-off was ignited by a Business Insider report suggesting a major financing friction point for CoreWeave's ambitious infrastructure expansion.

Applied Materials guidance suggests its growth will accelerate amid healthy spending on AI infrastructure. Applied Digital provides critical data center infrastructure, which explains why its revenue is growing exponentially.

Applied Digital's multi-megawatt AI lease pipeline squares off against Vertiv's end-to-end power and cooling stack in a high-stakes data center race.

Nvidia disclosed in a filing on Tuesday that it no longer held shares in Applied Digital, drug-discovery company Recursion Pharmaceuticals and autonomous-driving company WeRide.

Applied Digital (NASDAQ: APLD) is a digital infrastructure enterprise that designs, constructs, and operates AI-first data centers and high-performance computing (HPC) facilities. APLD shares fell more than 8% in after-hours trading on February 17, 2026, following reports that NVIDIA had reduced its stake in the firm.