BLOK's January Winners Point to the Future of ComputingETF Trends is now VettaFi. Read More --Pure- play miners remain tightly tethered to the price of bitcoin. Still, a growing subset of mining companies is beginning to trade on a different narrative: high-performance computing and AI infrastructure. That shift is showing up clearly in [the Amplify Blockchain Technology ETF (BLOK)], where several top holdings are evolving from simple crypto plays into broader computing platforms.As of January 30, the follo ...

Now looks like an ideal time to buy APLD on the dipThe shares of AI data center giant Applied Digital Corp (NASDAQ:APLD) are down 8.3% to trade at $28.91 at last check, a dismal outlook from semiconductor giant Qualcomm (QCOM) and increased AI spending at Alphabet (GOOGL) spooking traders. APLD yesterday marked its worst day in roughly a year, extending a pullback from a Jan. 28, record peak of $42.27. This recent bear gap has placed the security within striking distance of a historically bullish trendline, ...

The company serves enterprise customers in the AI, machine learning, and cryptocurrency mining sectors, targeting organizations with intensive computing and data processing needs.It operates a business model focused on designing, constructing, and managing data centers that support critical workloads for AI and HPC applications, monetizing capacity through hosting and cloud service contracts.Applied Digital provides digital infrastructure solutions, including high-performance computing (HPC) hosting, cloud ...

Applied Digital (NASDAQ: APLD) is attracting investor attention these days for its role in building and operating artificial intelligence (AI) data centers. The company provides cloud infrastructure that's used by many of the world's leading AI companies. And it has a key partnership with top AI accelerator designer Nvidia that gives it access to the graphics processing units (GPUs) it needs to power that infrastructure. As demand for AI data center capacity has surged, Applied Digital's share price has r ...

Core Insights - The data center industry is experiencing a significant transformation driven by the demands of artificial intelligence (AI), which requires unprecedented levels of computing power and resources [1] - Applied Digital is positioning itself as a leader in this sector by constructing high-tech data centers specifically designed for AI applications, anticipating substantial growth in the coming years [2] Company Developments - Applied Digital is currently developing two AI data center campuses, Polaris Forge 1 and Polaris Forge 2, with capacities of 450 megawatts (MW) and 300 MW, respectively, expected to be completed by 2027 [3] - Additionally, the company is constructing Delta Forge 1, which will have an initial capacity of 430 MW and is projected to begin operations by mid-2027 [3] Revenue Projections - The company has secured significant lease agreements, including a deal with CoreWeave worth $11 billion over 15 years and another unnamed AI company for approximately $5 billion over the same period, indicating strong revenue growth potential [4] - Analysts estimate that Applied Digital will generate around $346 million in revenue for fiscal 2026 and $535 million for fiscal 2027, leading to a valuation of 17 to 18 times next year's revenue estimates [7] Market Performance - Applied Digital's stock has surged by 700% over the past 18 months, raising its market capitalization to approximately $9.5 billion [6] - The current stock price is $36.70, reflecting a significant increase from its 52-week low of $3.31 [5][6]

Artificial intelligence (AI) is a computing-intensive technology, and with demand for high-performance data centers outstripping supply, a host of players in the cloud sector are rapidly expanding their footprints. The persistent gap between the volume of computing capacity the big AI players can supply in-house and what is needed has created an opening for a new class of cloud computing infrastructure companies: neoclouds. These businesses are focused solely on providing the high-end computational power ...

Applied Digital Corporation ( APLD ) released its fiscal Q2 '26 financials , and just like last quarter, the report exceeded market expectations. Revenue is growing, losses are narrowing, and a new campus has just been announced, all proving theRick is a Wall Street Journal best-selling author with over 20 years of experience trading stocks and options. The most authoritative publications, including Good Morning America, Washington Post, Yahoo Finance, MSN, Business Insider, NBC, FOX, CBS, and ABC News, cov ...

Core Insights - Both Iren and Applied Digital have transitioned from the crypto industry to focus on AI and high-performance computing, each adopting different strategies to capture AI-related business opportunities [2][5] Company Overview: Iren - Iren's stock has increased over 400% in the past year, with a current market cap of $20 billion and a high forward price-to-earnings (P/E) ratio of around 50 [4] - The company recently secured a $9.7 billion AI cloud contract with Microsoft, leading to a significant improvement in net income from a loss of $51.7 million in Q1 of the previous fiscal year to a gain of $384.6 million in Q1 of fiscal 2026 [4][3] - Iren retains flexibility by operating in both crypto and high-performance computing, allowing it to adapt based on market demand [3] Company Overview: Applied Digital - Applied Digital's stock has surged over 500% in the past year, with a current market cap of $11 billion and a gross margin of 16.40% [6][7] - The company reported a 250% increase in revenue in its latest quarter, benefiting from multibillion-dollar leases with hyperscalers and a backlog of $16 billion [7] - Applied Digital focuses on building high-performance data centers and offering long-term leases, which provides predictable cash flows [5] Investment Considerations - Investors seeking cash flow predictability may find Applied Digital more appealing due to its stable revenue from contracts [8] - Iren offers optionality and upside potential but comes with higher volatility due to the cyclical nature of crypto and uncertainties in the AI compute market [8][9] - Both companies have shown significant returns driven by positive sentiment towards AI infrastructure, but they are not considered low-risk investments [9]

We recently published 10 Big Names With Easy 10-30% Gains. Applied Digital Corp. (NASDAQ:APLD) was one of the best performers on Tuesday. Applied Digital grew its share prices by 14.29 percent on Tuesday to close at $41.35 apiece amid positive developments surrounding the artificial intelligence industry, including higher funding from key players. Applied Digital Corp. (NASDAQ:APLD) rallied alongside its counterparts, namely IREN Ltd., TeraWulf, and Cipher Mining, among others, following news that Nvidi ...

UKRAINE - 2024/04/13: In this photo illustration, an Applied Digital logo is seen on a smartphone screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesApplied Digital (APLD) stock has greatly surpassed its competitors over the last year. However, a closer examination of this data center and cryptocurrency infrastructure company indicates substantial revenue growth but ongoing unprofitability, marked by severely negative operating and f ...