Applied Digital
APLD

$4.55

15.08%

Market Cap: $716M

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 6,686 funds

0

Analysts bullish %

of 10 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]

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Research analyst outlook

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

Low target

$5

10%

upside

Avg. target

$9.30

104%

upside

High target

$11

142%

upside

10 analyst ratings

10 positive

100%

0 neutral

0%

0 negative

0%

Roth MKM Darren Aftahi 20% 1-year accuracy 6 / 30 met price target	120%upside $10	Buy Maintained	5 Sept 2024
Roth MKM Darren Aftahi 20% 1-year accuracy 6 / 30 met price target	120%upside $10	Buy Maintained	29 Aug 2024
Needham John Todaro 26% 1-year accuracy 11 / 43 met price target	142%upside $11	Buy Reiterated	29 Aug 2024
HC Wainwright & Co. Kevin Dede 29% 1-year accuracy 15 / 51 met price target	10%upside $5	Buy Reiterated	29 Aug 2024
Needham John Todaro 26% 1-year accuracy 11 / 43 met price target	142%upside $11	Buy Reiterated	10 Jul 2024

See Analyst Rankings

Financial journalist opinion

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

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

AI Supercomputing, Rural Development, and Data Centers with Applied Digital CEO Wes Cummins

On this episode of After Earnings, Katie Perry and Ann Berry chat with Wes Cummins, CEO of Applied Digital, about NVIDIA's latest earnings and how it's shaking up the tech world. They dive into what Applied Digital is doing with AI, the challenges of building data centers in rural areas like North Dakota, and the impact on local communities.

AI Supercomputing, Rural Development, and Data Centers with Applied Digital CEO Wes Cummins

Applied Digital Issues $53.2 Million Convertible Preferred Stock to Advance HPC Data Center Project and Accelerate Growth

DALLAS, Aug. 30, 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 it has entered into a private financing arrangement with a single investor (the “Investor”), pursuant to which the Company has issued $53.2 million in convertible preferred stock for net proceeds of $50 million.

Applied Digital Issues $53.2 Million Convertible Preferred Stock to Advance HPC Data Center Project and Accelerate Growth

Applied Digital's Stock Recovery: Analysts Forecast Strong Upside

Applied Digital NASDAQ: APLD is a high-performance computing (HPC) stock that investors should be aware of. Since going public in April 2022, the company has been a horrid investment.

Applied Digital's Stock Recovery: Analysts Forecast Strong Upside

Martin Insurance Group Selects Applied Digital Agency to Strengthen Business Operations

Colorado-based insurance agency migrates to Applied Digital Agency to create standardized, digital policy workflows across its P&C business Colorado-based insurance agency migrates to Applied Digital Agency to create standardized, digital policy workflows across its P&C business

Martin Insurance Group Selects Applied Digital Agency to Strengthen Business Operations

Guess?, Nvidia, Pure Storage, Applied Digital And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

U.S. stock futures were higher this morning, with the Dow futures gaining around 200 points on Thursday.

Guess?, Nvidia, Pure Storage, Applied Digital And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Applied Digital Corporation (APLD) Q4 2024 Earnings Call Transcript

Applied Digital Corporation (NASDAQ:APLD ) Q4 2024 Earnings Conference Call August 28, 2024 5:00 PM ET Company Participants Matt Glover - IR, Gateway Group, Inc Wes Cummins - Chief Executive Officer David Rench - Chief Financial Officer Conference Call Participants Lucas Pipes - B. Riley Rob Brown - Lake Street Darren Aftahi - ROTH Mike Grondahl - Northland Securities George Sutton - Craig-Hallum John Todaro - Needham & Company Kevin Dede - H.C.

Applied Digital Corporation (APLD) Q4 2024 Earnings Call Transcript

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