Trading Platform & Instrument - Applied Digital Corp (APLD) 的股票期货现已在 MEXC 上线 [1] - MEXC 提供 APLD 的股票期货交易，交易代码为 $APLDUST [1] Trading Benefits - MEXC 提供最低的交易费用 [1] - MEXC 提供深度流动性 [1] - MEXC 提供高达 5 倍的杠杆 [1]

Group 1 - Nvidia-related stocks experienced a decline on Tuesday, with NEBIUS (NBIS.US) and CoreWeave (CRWV.US) dropping over 6% [1] - Recursion Pharmaceuticals (RXRX.US) fell more than 5%, while Applied Digital (APLD.US) decreased nearly 5% [1] - Arm Holdings (ARM.US) saw a decline of over 3% [1]

Group 1 - Nvidia-related stocks experienced a decline on Tuesday, with NEBIUS (NBIS.US) and CoreWeave (CRWV.US) dropping over 6% [1] - Recursion Pharmaceuticals (RXRX.US) fell more than 5%, while Applied Digital (APLD.US) decreased nearly 5% [1] - Arm Holdings (ARM.US) saw a decline of over 3% [1]

Core Viewpoint - Investors are primarily attracted to Applied Digital Corporation for its significant revenue growth rather than its current profitability [5]. Group 1: New Data Center Announcement - Applied Digital announced the construction of a new data center named "Polaris Forge 2," which is a $3 billion investment in North Dakota [3]. - The new data center is designed to operate at 280 megawatts of power to meet the increasing demand for AI computing [3]. - Construction is set to begin in September, with the facility expected to open in 2026 and reach full capacity by early 2027 [3]. Group 2: Business Prospects - The company has reported strong interest from multiple parties, including at least one U.S.-based investment-grade hyperscaler, to lease capacity at the new data center [4]. - Applied Digital has secured power through Cass County Electric Cooperative, ensuring operational readiness for the new facility [4]. Group 3: Financial Performance - Revenue for Applied Digital more than doubled last year and has increased by 1500% over the past two years [5]. - Despite the impressive revenue growth, the company is currently not profitable, with analysts predicting it will not achieve profitability before 2028 [5].

Harwood-based AI Factory is designed for 280MW, with capacity to scale beyond, scheduled initial operations in 2026 and full capacity in early 2027, as Applied Digital expands in North Dakota to meet surging demand for compute power DALLAS, Aug. 18, 2025 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) announced today it plans to break ground in September 2025 on Polaris Forge 2, a $3 billion, 280-megawatt (MW) AI Factory near Harwood, North Dakota. Designed with the ability to scale beyond it ...

Core Insights - Applied Digital Corporation plans to break ground on Polaris Forge 2, a $3 billion, 280-megawatt AI Factory in North Dakota, with initial capacity expected in 2026 and full capacity by early 2027 [2][3][4] - The project aims to meet the surging demand for AI computing capacity from hyperscalers, enterprises, and research organizations, building on the success of the existing Polaris Forge 1 campus [3][4] - The new facility will occupy over 900 acres and is expected to create more than 200 full-time jobs, contributing to the local economy and community development [4][5][6] Company Developments - Polaris Forge 2 is seen as a strategic move for Applied Digital to enhance its leadership in high-performance AI infrastructure [4][7] - The company has secured power through Cass County Electric Cooperative, ensuring reliable energy supply for the new facility [5][6] - The expansion into Harwood is part of a broader commitment to invest in local communities and create long-term economic opportunities [7][8] Industry Context - North Dakota is emerging as a key destination for AI infrastructure due to its abundant energy resources, available land, and supportive business environment [3][6][8] - The demand for AI capacity is accelerating, indicating a growing market for high-performance computing solutions [3][4] - The project aligns with the trend of technological progress and community investment, positioning North Dakota favorably in the AI infrastructure landscape [6][7]

Company Overview - Applied Digital Corporation (APLD) currently holds a Momentum Style Score of A, indicating strong potential for momentum investing [3] - The company has a Zacks Rank of 2 (Buy), suggesting favorable market performance [4] Performance Metrics - APLD shares have increased by 13.42% over the past week, significantly outperforming the Zacks Financial - Miscellaneous Services industry, which rose by only 0.78% [6] - Over the past month, APLD's price change is 50.15%, compared to the industry's mere 0.35% [6] - In the last quarter, APLD shares have surged by 122.44%, and over the past year, they have skyrocketed by 278.99%, while the S&P 500 has only increased by 10.57% and 21.94% respectively [7] Trading Volume - APLD's average 20-day trading volume is 36,532,296 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, two earnings estimates for APLD have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from -$0.27 to -$0.21 [10] - For the next fiscal year, one estimate has moved upwards with no downward revisions, indicating a positive earnings outlook [10] Conclusion - Given the strong performance metrics and positive earnings outlook, APLD is positioned as a promising investment opportunity with a Momentum Score of A [12]

Core Industry Insights - Applied Digital (APLD) and Vertiv Holdings (VRT) are central to the digital infrastructure expansion, driven by increasing demand for data center capacity due to AI, cloud computing, and high-performance computing workloads [2][3] - Global data center capital expenditures are projected to grow at a 21% CAGR through 2029, reaching approximately $1.2 trillion, benefiting both APLD and VRT [3] Company Performance: Applied Digital (APLD) - APLD has shifted from cryptocurrency mining to becoming a dedicated AI infrastructure provider, capitalizing on the growth of AI and machine learning workloads [5] - In Q4 fiscal 2025, APLD reported revenues of $38 million, a 41% increase year over year, and achieved positive adjusted EBITDA of $1 million [6] - APLD's partnership with CoreWeave is expected to generate around $7 billion in contracted revenue over 15 years for 250 megawatts of critical IT load [7] - The company has improved construction efficiency, reducing deployment timelines from 24 months to 12-14 months [7] - APLD's North Dakota locations provide low-cost energy and innovative cooling systems, enhancing its competitive position in the market [8] Company Performance: Vertiv Holdings (VRT) - VRT is a leading provider of thermal and power management solutions for high-density data centers, with a broad product portfolio addressing critical infrastructure needs [9] - In Q2 2025, VRT's net sales rose 35% year over year to $2.64 billion, with quarterly orders surpassing $3 billion for the first time [10][11] - VRT's strategic partnerships and acquisitions, including the $200 million acquisition of Great Lakes, enhance its capabilities in AI data center offerings [12] Stock Performance and Valuation - Year-to-date, APLD shares have increased by 95.9%, while VRT shares have appreciated by 26.5% [13] - Both companies are currently considered overvalued, with APLD trading at a forward Price/Sales ratio of 12.98X compared to VRT's 5.07X [16] - Earnings estimates show APLD's first quarter fiscal 2026 loss is expected to be 6 cents per share, improving by 33.33% over the past 30 days [19] - VRT's third-quarter 2025 earnings estimate is pegged at 98 cents per share, reflecting a 28.95% year-over-year increase [20] Conclusion - Both APLD and VRT are well-positioned to benefit from the AI-driven expansion in data center infrastructure, with APLD showing a more accelerated growth path [21][22] - VRT maintains strong growth visibility through its product portfolio and industry partnerships, but its expansion is less aggressive compared to APLD [22]

Core Insights - The market is signaling a significant transformation for Applied Digital Corporation, indicating a pivotal moment as it shifts focus from cryptocurrency hosting to becoming an essential infrastructure provider for the AI industry [2][10] - The company is transitioning into an "AI Landlord," building and leasing high-value digital real estate to major AI players, which is a durable investment strategy backed by physical assets and predictable rental income [3][4] Strategic Developments - Applied Digital has secured a landmark agreement with CoreWeave, involving a total capacity of 400 megawatts at its Polaris Forge campus, with a projected contract value of approximately $11 billion over 15 years [4][5] - This contract provides unprecedented revenue visibility, transforming the financial outlook for Applied Digital and prompting a reevaluation of its market value by investors [5][9] Financial Positioning - The company has raised approximately $270 million in new capital to strengthen its balance sheet, ensuring it can support its capital-intensive data center construction [7][8] - Management has reduced projected data center build times from 24 months to 12-14 months, enhancing operational efficiency and accelerating revenue generation [8][9] Market Sentiment - The surge in call options trading, up 220.9% over the daily average, reflects growing investor confidence in Applied Digital's future as a key player in the AI sector [1][10] - Analysts are increasingly bullish, with several firms raising price targets, some as high as $18.00, indicating a strong belief in the company's growth potential [9]

Since I published my pre-earnings note last week, Applied Digital (NASDAQ: APLD ) stock is up almost 24%. I was prompted to write an earnings preview on the stock after it traded down from its post-CoreWeave ( I'm a retired Wall Street PM specializing in TMT; since kickstarting my career, I've spent over two decades in the market navigating the technology landscape, focusing on risk mitigation through the dot com bubble, credit default of '08, and, more recently, with the AI boom. In one word, what I'd like ...