Core Insights - Applied Digital Corp (NASDAQ:APLD) shares increased by 31.9% to $38.62 following a fiscal first-quarter revenue beat and a narrower quarterly loss of 3 cents per share, compared to analyst expectations of a loss of 13 cents per share, driven by AI-driven leasing activities and a significant 150-megawatt AI data center expansion [1] Price Target Adjustments - Needham raised its price target for APLD to $41 from $21 while maintaining a "buy" rating, and Northland Capital increased its target to $40 from $30, indicating potential for further price-target hikes as the average 12-month price target stands at $36.11, representing a 3.6% deficit to current levels [2] Stock Performance and Technical Indicators - APLD's stock has more than quadrupled in value in 2025, reaching a 21-year high of $39.96, and is on track for its best daily increase since June 2, with the 14-day Relative Strength Index (RSI) at 87, indicating "overbought" territory; however, the ascending 50-day moving average may provide support during any potential pullbacks [3] Short Interest and Options Activity - Short interest in APLD has surged by 21.4% over the past two reporting periods, accounting for 30.6% of the stock's total available float; options trading is active with 202,000 calls exchanged today, six times the average intraday volume, particularly focused on the weekly 10/10 40-strike call [4]

Core Insights - Applied Digital (APLD) shares surged by 26.9% following the announcement of a target to achieve $1 billion in net revenue within five years, driven primarily by the increasing demand for large-scale artificial intelligence computing [1] - The company expanded its leasing agreement with CoreWeave, with the total contract value rising to approximately $11 billion [1]

Core Insights - Applied Digital reported a significant revenue increase of 84% year over year, reaching $64.2 million, surpassing analyst expectations of $50 million [1][2] - The company experienced an adjusted loss of 3 cents per share, which was better than the anticipated 13-cent loss by analysts [2] - The stock price surged over 31% to $38.47, with a year-to-date increase of 283%, and it holds a top IBD Relative Strength Rating of 99 [3] Company Overview - Applied Digital initially served cryptocurrency mining firms but has shifted focus to data center hosting and AI computing [5] - The company operates a data center campus in Ellendale, N.D., and is developing another campus near Harwood, N.D. [5] - CoreWeave is identified as the primary customer for Applied Digital [5] Market Position and Investment - The CEO highlighted the potential for significant investment in AI deployment, estimating around $350 billion from hyperscalers this year, positioning the company as a key player in the AI infrastructure space [2] - Nvidia holds a 3% stake in Applied Digital, indicating strong industry backing [6] - Analysts from Roth Capital and Northland Capital Markets have raised their price targets for the stock, reflecting positive market sentiment [6][7] Competitive Landscape - Applied Digital is part of a growing sector of AI infrastructure, alongside companies like Iren, Nebius, Vertiv, and WhiteFiber, with larger competitors including Digital Realty and Equinix [4]

Core Insights - Applied Digital (APLD.US) shares surged over 32% to $38.8 following the release of its first fiscal quarter results, which exceeded Wall Street expectations despite a net loss [1] Financial Performance - The company reported a revenue increase of 84% year-over-year, reaching $64.2 million, surpassing analysts' expectations of $50 million [1] - Adjusted earnings per share showed a loss of $0.03, which was better than the anticipated loss of $0.13 [1] - Revenue from the data center hosting segment amounted to $37.9 million during the quarter [1] Cost Analysis - The company's cost of revenue rose by 144% to $55.6 million [1] - Approximately $25 million of the costs were associated with the construction of facilities and customer preparation for the high-performance computing hosting segment [1]

格隆汇10月10日｜AI数据中心公司Applied Digital(APLD.US)股价飙升26%，股价创2004年1月以来最高 纪录。 ...

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Economic Indicators - Canada's labor market added 60,400 new jobs in September, significantly exceeding economists' forecasts of a 5,000-job gain [2] - The unemployment rate remained steady at 7.1%, contrary to expectations for a slight increase to 7.2% [2] - The probability of a Bank of Canada (BoC) rate cut in October decreased to 57% from 72% following the positive jobs report [2] Venture Capital - Kalshi, a prediction market platform, raised over $300 million in a funding round, achieving a valuation of $5 billion [3] - The funding round was led by Sequoia Capital and Andreessen Horowitz, with participation from Paradigm, CapitalG, and Coinbase Ventures [3] - Kalshi's trading volume is projected to reach $50 billion annually, indicating its disruptive potential in event contracts and sports betting [3] Corporate Developments - Applied Digital (APLD) shares surged by 30% in pre-market trading after reporting fiscal Q1 2026 revenue of $64.22 million, surpassing estimates of $49.99 million [5] - Qualcomm (QCOM) shares declined in pre-market trading due to an antitrust investigation by China's SAMR related to its acquisition of Autotalks [6] - Ford Motor Company (F) announced leadership changes, appointing Sam Basile as vice president of Advanced Product Development [7] - Venture Global (VG) shares fell by 18.3% after losing a partial arbitration ruling to BP regarding LNG sales [7] - Levi Strauss & Co. (LEVI) shares slipped 6.9% despite beating earnings expectations, due to concerns over tariff impacts on future gross margins [7]

Market Overview - U.S. equity markets are showing a cautious upward trend in premarket trading amid a prolonged government shutdown and anticipation of crucial economic data [1] - Major indices futures indicate a modest positive open, with Dow Jones Industrial Average futures rising by approximately 0.06% to 0.11%, S&P 500 futures up between 0.08% and 0.12%, and Nasdaq 100 futures leading with a gain of around 0.2% to 0.14% [2] - Asian markets presented a mixed picture, with South Korea's KOSPI hitting a record high while Japan's Nikkei 225 experienced a drop [3] Major Market Index Performance - The S&P 500 fell 0.28% to 6,735.10, and the Nasdaq Composite slipped 0.08% to 23,024.63, both retreating from recent intraday records [4] - The Dow Jones Industrial Average posted the largest decline, dropping 0.52% to 46,358.42, with the S&P 500 and Nasdaq on track for modest weekly gains while the Dow is set for a 0.9% weekly loss [4] Upcoming Economic Events - Key focus for investors includes the release of the University of Michigan's consumer sentiment index, with preliminary data indicating a greater-than-expected deterioration in consumer sentiment [5] - The week will conclude with the highly anticipated U.S. Non-Farm Payrolls and Unemployment Rate data, alongside Canada's employment figures [5] Corporate Developments - Applied Digital shares surged 25% to 25.74% in premarket trading after reporting better-than-expected quarterly revenue of $64.2 million, an 84% year-over-year increase, and finalizing a new lease agreement with CoreWeave for an additional 150 megawatts [7] - Intel shares climbed 1.7% in premarket after TD Cowen raised its price target from $20 to $35, signaling renewed optimism in Intel's AI and data center strategies [7] - Nvidia shares reached an all-time high and are up nearly 1% further before the bell, with a market capitalization of approximately $4.7 trillion [12] - Qualcomm experienced a dip of 1.5% in premarket trading due to an antitrust probe initiated by Chinese regulators [12] - Levi Strauss & Co. saw its stock plunge 7.7% despite reporting better-than-expected Q3 results with a 7% year-over-year increase in net revenues to $1.5 billion [12] - Delta Air Lines surged 4.3% following a report of record third-quarter revenue and a positive outlook for Q4 [12] - PepsiCo's stock rose 4.2% after surpassing analyst estimates in Q3 results and announcing a new chief financial officer [12]

Market Movements - US stock index futures are all up ahead of the market opening, with Dow futures rising by 0.11%, S&P 500 futures by 0.08%, and Nasdaq futures by 0.09% [1] - European indices show mixed results, with Germany's DAX down by 0.25%, UK's FTSE 100 down by 0.01%, and France's CAC40 remaining unchanged [2][3] - WTI crude oil has decreased by 1.17% to $60.79 per barrel, while Brent crude oil has fallen by 1.09% to $64.51 per barrel [3][4] Company News - Tesla's wholesale sales in China rebounded in September, increasing by 2.8% year-on-year to 90,812 vehicles, ending a two-month decline [8] - Google has been designated as the first company with "strategic market status" in the UK, leading to stricter scrutiny of its online search and advertising business by the Competition and Markets Authority [9] - Qualcomm is under investigation for failing to legally report its acquisition of Autotalks, causing its stock to drop nearly 2% in pre-market trading [9] - Applied Digital reported a significant revenue increase of 84% year-on-year in Q1, driven by surging demand for data center services to support generative AI applications [10] - Stellantis announced a 13% year-on-year increase in global vehicle deliveries in Q3, attributed to new model launches and strong demand in North America [11] Economic Insights - Nuveen Asset Management's CIO suggests that robust corporate earnings, particularly from large tech companies, will likely sustain the US stock market's upward trend into year-end [5] - A report from the Boston Fed indicates rising inflation expectations pose a greater risk to the Fed's ability to control prices, with consumer expectations for one-year inflation increasing [6] - The upcoming release of the US Consumer Price Index (CPI) for September is anticipated to occur on schedule, despite the federal government shutdown [6]

Core Insights - Applied Digital (NASDAQ: APLD) experienced a surge of over 20% following the release of its first-quarter financial results, which significantly exceeded Wall Street estimates [1] Financial Performance - The company reported blockbuster financials for the first quarter, indicating strong performance in the artificial intelligence (AI) sector [1]