Applied Digital
APLD
Market cap $1.97B

9.15 USD

+0.39

4.45%

At close Nov 21, 4:00 PM EST

After hours

9.15

+0.00

0.00%

1 day

4.45%

5 days

30.53%

1 month

5.05%

3 months

118.38%

6 months

107.01%

Year to date

31.47%

1 year

104.70%

5 years

88.66%

10 years

88.66%

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 6,747 funds

0

Analysts bullish %

of 13 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

205% more call options, than puts

Call options by funds: $140M | Put options by funds: $45.9M

120% more capital invested

Capital invested by funds: $501M [Q2] → $1.1B (+$601M) [Q3]

118% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 28

110% more first-time investments, than exits

New positions opened: 61 | Existing positions closed: 29

24% more funds holding

Funds holding: 132 [Q2] → 164 (+32) [Q3]

14% more funds holding in top 10

Funds holding in top 10: 7 [Q2] → 8 (+1) [Q3]

4.51% more ownership

Funds ownership: 57.97% [Q2] → 62.48% (+4.51%) [Q3]

See Fund Rankings

Research analyst outlook

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

Low target

$5

45%

downside

Avg. target

$10.15

11%

upside

High target

$12

31%

upside

13 analyst ratings

13 positive

100%

0 neutral

0%

0 negative

0%

Needham John Todaro 0 / 0 met price target	20%upside $11	Buy Reiterated	1 Nov 2024
Needham John Todaro 0 / 0 met price target	20%upside $11	Buy Reiterated	17 Oct 2024
HC Wainwright & Co. Kevin Dede 67% 1-year accuracy 26 / 39 met price target	9%upside $10	Buy Maintained	16 Oct 2024
Lake Street Rob Brown 0 / 0 met price target	20%upside $11	Buy Maintained	10 Oct 2024
Roth MKM Darren Aftahi 100% 1-year accuracy 2 / 2 met price target	9%upside $10	Buy Reiterated	10 Oct 2024

See Analyst Rankings

Financial journalist opinion

Based on 14 articles about APLD published over the past 30 days

Zacks Investment Research

Buying Great Cheap Stocks Under $10 for December and Beyond

On top of their cheap price tags, Wall Street analysts are high on all of these stocks and their improving earnings outlooks earn them strong Zacks Ranks.

Buying Great Cheap Stocks Under $10 for December and Beyond

The Motley Fool

Nvidia Just Invested in This Small Artificial Intelligence Company -- Should You Be Next?

Applied Digital is bringing up infrastructure for the artificial intelligence market.

Nvidia Just Invested in This Small Artificial Intelligence Company -- Should You Be Next?

CNBC Television

Final Trade: APLD, PLTR, GLD, NDAQ

The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.

Final Trade: APLD, PLTR, GLD, NDAQ

CNBC Television

Final Trade: West Pharma, Cameco, iShares Biotechnology ETF and Applied Digital Corp

The final trades of the day with the Fast Money traders.

Final Trade: West Pharma, Cameco, iShares Biotechnology ETF and Applied Digital Corp

Zacks Investment Research

Best Momentum Stocks to Buy for November 15th

ASTS, APLD and PX made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on November 15, 2024.

Best Momentum Stocks to Buy for November 15th

Zacks Investment Research

New Strong Buy Stocks for November 15th

FHI, RJF, ASTS, APLD and SPRO have been added to the Zacks Rank #1 (Strong Buy) List on November 15, 2024.

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Nvidia Stake Sends This AI Stock Higher Thursday

Shares of Applied Digital (APLD) surged over 4% in extended trading Thursday after Nvidia (NVDA) reported a stake in the company.

Nvidia Stake Sends This AI Stock Higher Thursday

Zacks Investment Research

Does Applied Digital Corporation (APLD) Have the Potential to Rally 37.48% as Wall Street Analysts Expect?

The average of price targets set by Wall Street analysts indicates a potential upside of 37.5% in Applied Digital Corporation (APLD). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Does Applied Digital Corporation (APLD) Have the Potential to Rally 37.48% as Wall Street Analysts Expect?

Applied Digital Corporation Announces Closing of $450 Million of Convertible Notes Offering

DALLAS, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) (“Applied Digital” or the “Company”), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing applications, today completed its previously announced offering of 2.75% Convertible Senior Notes due 2030 (the “Convertible Notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The aggregate principal amount of notes sold in the offering was $450 million, which includes $75 million aggregate principal amount of notes issued pursuant to an option to purchase additional notes granted to the initial purchasers, which the Initial Purchasers exercised in full on October 31, 2024.

Applied Digital Corporation Announces Closing of $450 Million of Convertible Notes Offering

Applied Digital Corporation Announces Upsize and Pricing of $375 Million of Convertible Notes Offering

DALLAS, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) (“Applied Digital” or the “Company”), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (HPC) applications, today announced the upsize and pricing of its offering of $375 million aggregate principal amount of 2.75% Convertible Senior Notes due 2030 (the “Convertible Notes”). The Convertible Notes will be sold in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).

Applied Digital Corporation Announces Upsize and Pricing of $375 Million of Convertible Notes Offering

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