Applied Digital Stock Braces for Q3 Earnings After $2.15 Billion Debt Bet
Applied Digital (NASDAQ: APLD) is set to release its fiscal third-quarter earnings, with investors focused on lease revenue from its North Dakota sites and managing its significant debt, including a recent $2.15 billion financing deal. Options markets are anticipating a 16.5% stock swing. The company's prior quarter showed strong revenue growth but also a substantial increase in interest expense due to its debt.
Applied Digital Is About to Report Q3 Earnings. Options Traders Expect a Major Move in APLD Stock
Applied Digital (APLD) is set to release its Q3 FY26 earnings on April 8, with options traders anticipating a 16.5% stock movement. Despite concerns about debt and profitability, Wall Street holds a bullish outlook due to strong demand for its AI infrastructure. While Roth MKM reiterates a Buy rating, TipRanks' AI Analyst has a Neutral stance, citing financial risks despite revenue growth.
Applied Digital Likely To Report Wider Q3 Loss; These Most Accurate Analysts Revise Forecasts Ahead Of Ea
Applied Digital Corporation (NASDAQ: APLD) is expected to report a wider Q3 loss of 21 cents per share, compared to an 8-cent loss in the previous year, with revenue projected to reach $78.48 million. Several analysts have maintained Buy or Outperform ratings and adjusted their price targets for APLD ahead of the earnings call on April 8th. The company recently restructured data center lease agreements with CoreWeave, Inc.
Applied Digital (APLD) Stock: Analyst Says Buy the Dip Ahead of Earnings Wednesday
Roth MKM analyst Darren Aftahi has reiterated a Buy rating on Applied Digital (APLD) with a $58 price target, calling it his "top pick" ahead of its Q3 FY26 earnings report on April 8. The analyst anticipates significant revenue growth related to lease agreements and sees any stock dip as a buying opportunity. Despite NVIDIA exiting its stake, the broader analyst community remains bullish on APLD, with an average price target of $52.22.
Applied Digital Will Report Q3 Earnings Next Week — Here’s Who Owns APLD Stock
Applied Digital (APLD) is scheduled to release its Q3 FY26 earnings on April 8. The article details the company's ownership structure, noting public and institutional investors hold the largest share while insider ownership is relatively low. Wall Street analysts maintain a "Strong Buy" consensus for APLD, anticipating a significant upside from its current level, despite projections of a wider adjusted loss for Q3.
Applied Digital Stock Surges On CoreWeave Lease Deal - Applied Digital (NASDAQ:APLD), CoreWeave (NASDAQ:C
Applied Digital (NASDAQ: APLD) saw its stock jump after amending and restructuring its data center lease agreements with CoreWeave, Inc (NASDAQ: CRWV), adding new credit support mechanisms. These changes include a new lease for two data halls, an unconditional springing guaranty from CoreWeave for both new and original leases, and a $50 million letter of credit. The company views these transactions favorably, noting improved credit ratings for CoreWeave's refinanced debt and additional credit support, which is beneficial for its 9.250% notes due 2030.
APLD Stock Heads For Worst Month In A Year — Does The Street See An Upside Or Downside In The Company’s Shares?
Shares of Applied Digital Corp. (APLD) recently experienced their worst monthly decline in a year, dropping 24.65% in March due to broader market pressures. Despite this selloff, all twelve Wall Street analysts covering the stock maintain a 'Buy' rating or higher, with an average price target suggesting a 120% upside. The company is set to release its Q3 2026 earnings next week, with analysts expecting significant revenue growth.
Applied Digital (NASDAQ:APLD) Trading Down 13.5% - Should You Sell?
Applied Digital (NASDAQ:APLD) shares dropped 13.5% during mid-day trading on Monday, closing at $20.55 on heavy volume. Despite maintaining a consensus "Buy" rating from analysts with a target price of $37, including a $53 target from B. Riley, recent insider selling by CEO Wes Cummins and Director Douglas S. Miller has raised questions. The company, which specializes in digital infrastructure and Bitcoin mining, has seen significant institutional investment, with hedge funds modifying their holdings in the fourth quarter.
Applied Digital Stock Drops 23% In March On Debt Overhang, Bitcoin Weakness
Applied Digital's stock experienced a 23% drop in March, influenced by investor concerns over a $2.15 billion debt deal funding its Polaris Forge 2 expansion and the capital intensity of its AI buildout. Bitcoin's recent weakness also contributed to negative sentiment. Despite a long-term uptrend, the stock shows short-term weakness, trading below its 20-day and 50-day moving averages.
Exchange Traded Concepts LLC Sells 307,347 Shares of Applied Digital Corporation $APLD
Exchange Traded Concepts LLC reduced its stake in Applied Digital Corporation by 32.2% in Q4, selling 307,347 shares, now holding 648,282 shares valued at approximately $15.9 million. This sale follows significant insider selling by directors, totaling 244,593 shares worth about $9.0 million in the last three months. Despite this, analysts maintain a "Buy" rating with an average price target of $37.00.
Power, Cooling, and Risk: What It Takes to Bring a 100MW AI Data Center Online
This article explores the complexities of commissioning large-scale AI data centers, particularly those exceeding 100 megawatts. It highlights the transition from construction to live operations as a critical phase, emphasizing the rigorous testing and validation required for power, cooling, and control systems. The discussion features insights from Applied Digital’s COO, Laura Laltrello, and VP of Design & Engineering, Stephen Lattimer, on the operational, technical, and organizational challenges of bringing hyperscale AI facilities online.
APLD's Energy Strategy Addresses Power Limits: Can it Drive Growth?
Applied Digital (APLD) is strategically addressing power availability, a major bottleneck in AI infrastructure, through low-cost energy campuses in North Dakota and partnerships for advanced power generation and cooling. While these initiatives aim to drive significant revenue growth, they carry execution risks and face stiff competition from companies like Vertiv Holdings and nVent Electric, which distribute risk differently. The company's stock has outperformed its sector in the past six months, but its valuation is higher, and it has a "Hold" rating from Zacks.
Will CoreWeave’s 400-Megawatt Lease Deal Reshape Applied Digital’s (APLD) Concentrated Revenue Narrative
Applied Digital's recent 400-megawatt lease deal with CoreWeave, part of its build-and-lease model for high-performance data centers, is expected to generate significant lease revenue. While this strengthens the case for future contracted revenue, it also highlights the company's reliance on a few hyperscale clients and the risks associated with project execution and customer concentration. The next 18 to 24 months are crucial for Applied Digital to convert signed contracts into operational assets, though rising debt and customer concentration remain areas of concern for investors.
Tudor Investment Corp ET AL Trims Position in Applied Digital Corporation $APLD
Tudor Investment Corp ET AL reduced its stake in Applied Digital Corporation by 66.9% in Q3, selling nearly 630,000 shares. Despite significant insider selling by the CEO and a director, large institutions like Vanguard and Hood River Capital Management increased their holdings, and analysts maintain a consensus "Buy" rating with an average price target of $37.00. The company specializes in digital infrastructure and sustainable Bitcoin mining solutions.
Applied Digital Stock Fell 6.4% Last Week. What’s Driving the Pullback and Long-Term Outlook
Applied Digital (APLD) stock experienced a 6.4% decline last week due to profit-taking and ongoing profitability concerns, despite strong demand for its AI infrastructure services. While the company is positioned for robust revenue growth tied to AI adoption, its high costs for scaling infrastructure have impacted margins. A valuation model suggests significant long-term upside for APLD, but investors remain cautious about its high leverage and execution risks in the near term.
Is Applied Digital Corporation (APLD) A Good Stock To Buy Now?
Applied Digital Corporation (APLD) is presented as a high-conviction investment in the rapidly growing AI and high-performance computing (HPC) infrastructure market. The company has successfully transitioned from crypto mining to developing and operating next-generation data centers, leveraging long-term hyperscaler contracts worth $16 billion. Analysts project significant revenue growth and potential for 50-100% upside, despite execution risks and customer concentration, positioning APLD as a compelling buy for growth-oriented investors.
DELL vs. APLD: Which AI Infrastructure Stock Has Better Potential?
This article compares Dell Technologies (DELL) and Applied Digital (APLD) as key players in the AI infrastructure market, evaluating their potential as investments. Dell is highlighted for its strong AI-optimized server sales, vast customer base, and solid financial performance, while Applied Digital is noted for its specialized data centers for AI workloads and rapid revenue growth but also faces higher financial and execution risks. Ultimately, the article concludes that DELL offers a more balanced and lower-risk investment opportunity in the AI infrastructure sector.
Applied Digital Sets Fiscal Third Quarter 2026 Conference Call for Wednesday, April 8, 2026, at 5:00 p.m. Eastern Time
Applied Digital Corporation (APLD) will host a conference call on Wednesday, April 8, 2026, at 5:00 p.m. Eastern Time to discuss its financial results for the fiscal third quarter, which ended on February 28, 2026. A press release detailing these results will be issued after the market closes on the same day. Management will provide remarks followed by a question-and-answer session.
Applied Digital to discuss fiscal Q3 results after market close April 8
Applied Digital (Nasdaq: APLD) will host a conference call on April 8, 2026, at 5:00 p.m. ET to discuss its fiscal third-quarter 2026 financial results and operations. A press release detailing these results will be issued after market close on the same day. The call will include prepared remarks from management followed by a question-and-answer session.
Applied Digital (Nasdaq:APLD) - Stock Analysis
This report provides a stock analysis of Applied Digital (APLD), detailing its current market position, financial health, growth prospects, and recent updates. The company is pivoting from crypto-mining to become a major provider of digital infrastructure solutions for high-performance computing (HPC) and artificial intelligence, securing significant long-term lease agreements. While analysts project strong earnings growth, the stock exhibits high volatility and has experienced significant insider selling.
Applied Digital (APLD) pushes AI expansion and separates cloud unit
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Morse Asset Management Inc Invests $1.07 Million in Applied Digital Corporation $APLD
Morse Asset Management Inc. has initiated a new position in Applied Digital Corporation (APLD), purchasing 46,519 shares valued at approximately $1.07 million in the third quarter. Institutional investors now own 65.67% of APLD, while insiders have significantly reduced their holdings, selling $9.0 million worth of shares in the last 90 days. Analysts maintain a "Buy" consensus rating with an average price target of $37.00 for APLD.
Here is Why Applied Digital (APLD) Looks so Attractive
Applied Digital Corp (APLD) is considered an attractive AI stock, with Roth Capital and Citizens maintaining Buy/Outperform ratings. Analysts highlight the company's strong fundamentals, including significant data center leases with CoreWeave and a substantial development pipeline, despite Nvidia exiting its share position. Applied Digital provides essential infrastructure for high-performance computing and AI industries by designing, constructing, and managing specialized data centers.
130,777 Shares in Applied Digital Corporation $APLD Purchased by Azora Capital LP
Azora Capital LP recently acquired 130,777 shares of Applied Digital Corporation (NASDAQ: APLD) in the third quarter, valued at approximately $3.0 million, as reported in its SEC filing. This acquisition is part of a trend of increased institutional investment in APLD, with Vanguard Group Inc. significantly growing its stake and Two Sigma Investments LP initiating a substantial new position. Despite insider selling, analysts maintain a largely bullish outlook on Applied Digital, holding a consensus "Buy" rating with an average target price of $37.
Van ECK Associates Corp Has $32.47 Million Stock Holdings in Applied Digital Corporation $APLD
Van ECK Associates Corp significantly reduced its stake in Applied Digital Corporation by 62.9% in Q3, now holding 1,415,462 shares valued at $32.47 million. Despite this reduction, analysts maintain a "Buy" rating with an average target price of $37.00. Company insiders also sold shares, including CEO Wes Cummins, though insiders still collectively own 9.5% of the company.
Applied Digital Stock: 61.6% Surge Amid Cash Flow & Debt Concerns | 2026 Analysis - News and Statistics
Shares of Applied Digital surged by 61.6% to $27.76 despite underlying financial concerns. The company faces challenges including stagnant earnings per share, a negative free cash flow margin of 476%, significant cash consumption, and high debt levels. Analysts advise caution, suggesting that fundamental improvements or new financing will be necessary to avoid potential shareholder dilution.
APLD Rises 58% in 6 Months: Three Key Reasons to Hold the Stock Now
Applied Digital (APLD) has seen its shares rise 58% over the past six months due to its expansion into hyperscale AI infrastructure, including a significant partnership with CoreWeave and a strong energy strategy. While the company is transitioning from a construction phase to revenue generation with long-term lease agreements, its stock carries a premium valuation compared to peers and faces ongoing GAAP losses, suggesting investors might await better entry points. APLD currently holds a Zacks Rank #3 (Hold).
Why Applied Digital Stock Fell 19% Last Month
Applied Digital's stock fell 19.5% in February due to investors' increasing skepticism towards riskier AI stocks and the news that Nvidia sold its entire stake in the company. The data center infrastructure company, despite booming AI investments, remains unprofitable and carries significant debt, trading at a high price-to-sales ratio. Its high customer concentration with CoreWeave also raises concerns about its long-term stability and financial outlook.
43,342 Shares in Applied Digital Corporation $APLD Bought by Teachers Retirement System of The State of Kentucky
Teachers Retirement System of The State of Kentucky recently acquired 43,342 shares of Applied Digital Corporation ($APLD) worth approximately $994,000, establishing a new position in the company. Institutional investors now hold about 65.67% of Applied Digital's stock, while significant insider selling by the CEO and a director has occurred. Despite negative insider sentiment, analysts broadly maintain a "Buy" rating with an average target price of $37.00.
Applied Digital (APLD) Prices $2.15B Private Offering for North Dakota AI Factory
Applied Digital Corporation announced that its subsidiary, APLD ComputeCo 2 LLC, priced a $2.15 billion private offering of 6.750% senior secured notes due 2031. The funds will be used to finance the development of 200 megawatts of critical IT load at its Polaris Forge 2 AI Factory campus in Harwood, North Dakota. The offering is expected to close around March 10, 2026, and the notes are backed by first-priority liens on the issuer's assets.
Applied Digital Stock Price Guide: APLD Trading & Investment Platforms 2026
This article provides a comprehensive guide to Applied Digital Corporation (APLD) stock, focusing on its performance, valuation factors, and the platforms available for trading. It highlights APLD's hybrid business model, combining high-performance computing infrastructure for AI and cryptocurrency mining, making it an investment vehicle with exposure to both sectors. The guide also compares various trading platforms, from traditional brokerages to hybrid platforms, and offers strategic approaches for investing in APLD, considering its correlation with cryptocurrency markets and risk factors.
Applied Digital Corporation (APLD) Expands HPC and AI Infrastructure Across North America
Applied Digital Corporation (APLD) is expanding its HPC and AI infrastructure across North America, with Citizens reiterating a Market Outperform rating and a $40 price target. The firm highlights APLD's 400 MW capacity at its North Ellen facility, fully contracted to CoreWeave, and a 4.3 GW development pipeline projected to significantly increase shareholder value. Applied Digital specializes in data center solutions for blockchain mining and GPU computing for AI and HPC workloads.
Applied Digital Announces Pricing of $2.15 Billion of Senior Secured Notes to fund Polaris Forge 2 Campus
Applied Digital Corporation's subsidiary, APLD ComputeCo 2 LLC, announced pricing a $2.15 billion offering of 6.750% senior secured notes due 2031 at 98%. The proceeds will fund the development of 200 megawatts of critical IT load at its Polaris Forge 2 AI Factory campus in Harwood, North Dakota. The offering is expected to close around March 10, 2026, and the notes will be privately offered to qualified institutional buyers and non-U.S. persons.
Applied Digital (NASDAQ:APLD) Trading Up 2.4% - Should You Buy?
Applied Digital (NASDAQ:APLD) shares traded up 2.4% during mid-day trading with mixed signals, including recent insider selling totaling $9.0 million. Wall Street analysts maintain a "Buy" rating with an average target price of $37.00, despite the stock's negative P/E ratio and high beta. The article highlights both institutional inflows and insider selling activity, with insiders still owning roughly 9.5% of the company.
Applied Digital Plans $2.15 Billion Notes for AI Expansion
Applied Digital's subsidiary, APLD ComputeCo 2 LLC, announced plans for a $2.15 billion private offering of senior secured notes due 2031. The proceeds are intended to finance 200 megawatts of IT capacity at the Polaris Forge 2 AI campus, which is leased to Oracle, significantly expanding Applied Digital's AI infrastructure. This move aims to bolster the company's position in the competitive AI data center market and deepen its relationship with a key hyperscale customer, despite current financial quality concerns.
Inside Applied Digital's $2.15B plan for a 200MW AI campus
Applied Digital (NASDAQ: APLD) announced a private offering of $2.15 billion in senior secured notes due 2031 through its subsidiary, APLD Compute 2. The funds will be used to develop and construct a 200-megawatt critical IT load at its Polaris Forge 2 AI Factory campus in Harwood, North Dakota. This financing continues Applied Digital's strategy of using large-scale debt offerings to expand its AI infrastructure.
Applied Digital Announces Proposed Offering of $2.15 Billion of Senior Secured Notes to fund Polaris Forge 2 Campus
Applied Digital's subsidiary, APLD ComputeCo 2 LLC, plans to offer $2.15 billion in senior secured notes due 2031 to fund the development and construction of 200 megawatts of critical IT load at its Polaris Forge 2 AI Factory campus in Harwood, North Dakota. The offering is a private placement to qualified institutional buyers and non-U.S. persons, with the notes secured by assets of APLD Compute 2 and its guarantors. Applied Digital will provide completion guarantees for the project.
GSA Capital Partners LLP Decreases Stock Holdings in Applied Digital Corporation $APLD
GSA Capital Partners LLP significantly reduced its stake in Applied Digital Corporation (NASDAQ:APLD) by 79.8% in Q3, selling 42,208 shares and retaining 10,663 shares valued at approximately $245,000. Despite this decrease and insider selling by the CEO and a director totaling about $9.0 million, other major institutions like BNP Paribas and Vanguard Group Inc. aggressively increased their positions, with hedge funds and institutions now owning about 65.7% of the stock. Wall Street maintains a "Buy" consensus rating for Applied Digital, with an average price target of $37 and some analysts setting targets as high as $53.
Arete Wealth Advisors LLC Trims Holdings in Applied Digital Corporation $APLD
Arete Wealth Advisors LLC reduced its stake in Applied Digital Corporation by 32.8% in Q3, selling over 134,000 shares but still holding 274,725 shares worth approximately $6.3 million. Despite institutional investors like Xponance Inc., Choreo LLC, Mitsubishi UFJ Asset Management Co. Ltd., and TD Asset Management Inc. increasing their positions, company insiders have been net sellers in recent months. Applied Digital maintains a consensus "Buy" rating from Wall Street analysts with an average price target of $37.00.
Applied Digital Faces CoreWeave Dependence And Contract Risks For Future Revenue
Applied Digital (NasdaqGS:APLD) faces significant risks due to its heavy reliance on CoreWeave for a substantial portion of its future revenue, combined with CoreWeave's current unprofitability and high leverage. Additionally, Applied Digital's leases often include termination clauses if construction milestones aren't met, and the company has increased its debt while remaining unprofitable. Investors should monitor tenant concentration, debt levels, and project schedules as these factors will be crucial for Applied Digital's financial stability and future performance.
Applied Digital (NASDAQ:APLD) Shares Down 4.8% - What's Next?
Applied Digital (NASDAQ:APLD) shares dropped 4.8% on Friday, trading near its 200-day moving average. Despite recent insider selling, analyst sentiment remains largely positive with a consensus "Buy" rating and a target price of $37.00. Institutional ownership is high, with some major firms significantly increasing their stakes.
Applied Digital Corporation $APLD Stake Raised by Vanguard Group Inc.
Vanguard Group Inc. increased its stake in Applied Digital Corporation (NASDAQ:APLD) by 23.2% in the third quarter, now owning 17.7 million shares valued at approximately $406.5 million. Despite recent insider selling, analysts maintain a "Buy" consensus rating with an average price target of $37.00. Applied Digital, a technology company specializing in digital infrastructure and sustainable Bitcoin mining, currently trades around $28.65 with a market cap of $8.01 billion.
Applied Digital (NASDAQ:APLD) Stock Price Down 1.5% - Should You Sell?
Shares of Applied Digital (NASDAQ:APLD) fell 1.5% to $28.65, with trading volume significantly below average. Despite recent insider selling, analysts maintain a consensus "Buy" rating with an average price target of $37.00. The company specializes in large-scale digital infrastructure and sustainable Bitcoin mining solutions.
Assessing Applied Digital’s Valuation After Nvidia Exits Its APLD Stake
This article evaluates Applied Digital's (APLD) valuation following Nvidia's exit, noting APLD's recent stock pullback despite strong performance in AI data centers. The company, trading around US$30.66, is considered 26.2% overvalued with a fair value of $24.30, primarily due to optimistic projections for its "AI Factories" and long-term lease agreements. Investors are advised to consider both the potential and risks, including capital expenditures and interest-sensitive debt, when assessing future growth.
Why Applied Digital (APLD) Is Down 15.0% After Nvidia Fully Exits Stake Amid New AI Leases
Applied Digital's stock (APLD) dropped 15% after Nvidia completely exited its stake, despite Applied Digital securing new long-term AI and high-performance computing leases. This event highlights investor concerns regarding the company's financial strain and customer concentration, even as it expands its role in AI infrastructure. The article explores how Nvidia's departure could affect Applied Digital's investment narrative and future prospects, emphasizing the ongoing tension between shifting investor confidence and increasing AI commitments.
Moderately bullish activity in Applied Digital Corp with shares up 0.6%
Shares of Applied Digital Corp (APLD) are up 0.6%, with moderately bullish activity observed. Options volume is relatively light, but calls are leading puts with a put/call ratio of 0.23, suggesting a modestly bullish tone. The implied volatility is higher, indicating an expected daily move of $2.15.
State of New Jersey Common Pension Fund D Buys New Position in Applied Digital Corporation $APLD
The State of New Jersey Common Pension Fund D has acquired a new stake in Applied Digital Corporation, purchasing 134,880 shares valued at approximately $3,094,000 during the third quarter. This investment is part of broader institutional interest, with other large investors also modifying their holdings in the company. Applied Digital, a technology firm specializing in digital infrastructure and Bitcoin mining, currently holds a "Buy" consensus rating from analysts, with an average target price of $37.00.
Applied Digital and NVIDIA are Solving AI Applications Efficiency Crisis with Next-Gen Data Centers
Applied Digital and NVIDIA are collaborating to address the efficiency crisis in AI applications by developing next-generation data centers. These advanced data centers are designed to handle demanding AI workloads, featuring a 100-megawatt IT load capacity and the ability to interconnect approximately 70,000 H100-class GPUs. This partnership highlights significant advancements in AI data center infrastructure to support the rapidly evolving field of artificial intelligence.
Applied Digital (NASDAQ:APLD) Trading Down 7.9% - What's Next?
Applied Digital (NASDAQ: APLD) shares experienced a 7.9% drop in mid-day trading, closing at $29.04 with a volume below its daily average. Despite this, analyst sentiment remains largely positive, with a consensus "Buy" rating and an average price target of $37.00. While insiders have recently sold shares, institutional ownership has increased significantly, indicating mixed signals from different investor groups.
Applied Digital Ellendale AI Data Center: January 2025 Update
Applied Digital's Ellendale AI Data Center is making significant progress, with construction of the west chiller plant nearing completion and electrical terminations advancing. The facility has also powered on its fiber and network rooms, enhancing connectivity. These milestones are bringing the center closer to setting new standards for high-performance and sustainable AI infrastructure.
