Core View - Nvidia's portfolio stocks experienced a significant decline, indicating potential market volatility and investor sentiment shifts [1] Group 1: Stock Performance - CoreWeave (CRWV.US) dropped over 9% [1] - Arm Holdings (ARM.US) fell more than 4% [1] - Applied Digital Corporation (APLD.US) decreased by over 4% [1] - Nebius (NBIS.US) declined more than 5% [1] - Recursion Pharmaceuticals (RXRX.US) saw a drop of over 2% [1]

Core View - Nvidia's portfolio stocks experienced a significant decline, with CoreWeave dropping over 9% and Arm Holdings falling more than 4% [1] Company Performance - CoreWeave (CRWV.US) saw a decline of over 9% [1] - Arm Holdings (ARM.US) decreased by more than 4% [1] - Applied Digital Corporation (APLD.US) fell by over 4% [1] - Nebius (NBIS.US) dropped more than 5% [1] - Recursion Pharmaceuticals (RXRX.US) experienced a decline of over 2% [1]

Core Insights - Applied Digital has finalized a new lease agreement with CoreWeave for an additional 150MW at the Polaris Forge 1 Campus, increasing total critical IT capacity to 400MW [1][2] - The total anticipated contracted lease revenue for Applied Digital is approximately $11 billion, which includes $7 billion from two initial leases executed in May [1][2] - The Polaris Forge 1 Campus is designed to scale up to 1 gigawatt and aims to harness renewable power while optimizing total cost of ownership, estimated to save $2.7 billion over 30 years [4] Lease Agreement Details - The new lease agreement will support CoreWeave's AI and high-performance computing initiatives and is expected to be operational by 2027 [2][3] - The first 100MW data center is scheduled for service in Q4 of 2025, while a second 150MW data center is under construction and expected to be operational by mid-2026 [3] Strategic Importance - The lease agreement reinforces North Dakota's role in the digital economy and positions it as a strategic destination for AI infrastructure [3] - Applied Digital aims to transform overlooked regions into innovation hubs through the development of purpose-driven AI factory campuses [5] Company Overview - Applied Digital, founded in 2021 and headquartered in Dallas, designs and operates high-performance, sustainably engineered data centers for AI, cloud, and blockchain workloads [6] - The company has been recognized as the Best Data Center in the Americas for 2025 by Datacloud [6]

Core Insights - Applied Digital (APLD) shares are currently overvalued with a Value Score of F, trading at a forward 12-month Price/Sales (P/S) ratio of 13.5X compared to the industry average of 3.5X [1] - APLD's stock has increased by 109% year-to-date, significantly outperforming the industry return of 5.6% and the Zacks Finance sector's 12.5% appreciation [3] - The company has secured $11 billion in contracted revenue through a 15-year AI infrastructure deal with CoreWeave, indicating strong demand for its services [6][9] Financial Performance - Fiscal Q4 revenue rose 41% year-over-year to $38 million, driven by increased data center capacity and strong AI demand [6][11] - Fiscal 2025 revenues reached $144.2 million, a 6% increase from the previous year, with CoreWeave agreements underpinning sustained demand growth [11] - Adjusted EBITDA for Q4 of fiscal 2025 was $1 million, reflecting improved operational efficiency compared to a loss of $0.2 million in the prior year [16] Strategic Developments - The partnership with CoreWeave has validated APLD's strategic shift from cryptocurrency mining to AI-optimized data center infrastructure, providing unprecedented revenue visibility [10] - APLD is expanding its data center footprint with purpose-built facilities for AI workloads, including the Polaris Forge 1 campus designed to scale to 1 gigawatt [14][15] - The upcoming Polaris Forge 2 project, a $3 billion AI factory, is set to break ground in September 2025, further enhancing APLD's capabilities in the AI infrastructure sector [17] Market Position - APLD's stock is trading above the 50-day and 200-day moving averages, indicating a bullish trend [7] - The company is positioned to compete effectively in the rapidly growing AI infrastructure sector due to its strategic location in North Dakota, which offers low-cost energy and efficient cooling solutions [15] - APLD's premium valuation is supported by its transformational partnership with CoreWeave and the accelerating buildout of AI-focused infrastructure [19]

Core Viewpoint - Applied Digital Corporation (APLD) has shown a significant price increase of 50.8% over the past four weeks, with a mean price target of $20 indicating a potential upside of 25.4% from the current price of $15.95 [1] Price Targets and Analyst Estimates - The mean estimate consists of nine short-term price targets with a standard deviation of $5.39, indicating variability among analysts [2] - The lowest estimate is $13.00, suggesting an 18.5% decline, while the highest estimate is $30.00, indicating an 88.1% potential increase [2] - A low standard deviation signifies a strong agreement among analysts regarding the stock's price direction [9] Earnings Estimates and Analyst Agreement - Analysts have shown strong agreement in revising APLD's earnings estimates higher, which correlates with potential stock price increases [11] - The Zacks Consensus Estimate for the current year has risen by 8.2% over the past month, with two estimates increasing and one decreasing [12] - APLD holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] Caution on Price Targets - Solely relying on price targets for investment decisions may not be prudent, as analysts' price targets can often be overly optimistic due to business incentives [8][10] - Despite the skepticism surrounding price targets, the direction they imply can serve as a useful guide for further research [14]

Core Insights - Applied Digital is positioning itself as a significant player in the artificial intelligence (AI) and high-performance data center sectors, indicating a strategic focus on these rapidly growing markets [1] - The company has secured billions in long-term contracts, which suggests a strong revenue foundation and potential for future growth [1] - There is strong institutional backing for Applied Digital, which may enhance its credibility and stability in the market [1] - The article suggests that Wall Street may be underestimating the company's potential, hinting at possible investment opportunities [1] Company Overview - Applied Digital is focusing on AI and data centers, aiming to reshape its future through these investments [1] - The company is described as a "sleeping giant," implying that it has untapped potential that could lead to significant returns for investors [1] Market Position - The presence of billions in long-term contracts positions Applied Digital favorably against competitors in the AI and data center industries [1] - The backing from institutional investors may provide the company with the necessary resources to expand and innovate [1]

Core Growth Driver - Applied Digital's hyperscale hosting business is the main growth driver, fueled by increasing AI infrastructure demand and commitments from leading hyperscalers [1][2] - The company plans to start construction on Polaris Forge 2, a $3 billion, 280-megawatt AI Factory in September 2025, with initial operations expected in 2026 and full capacity by early 2027 [1][8] Revenue and Financial Performance - In Q4 of fiscal 2025, Applied Digital reported revenues of $38 million, a 41% increase year-over-year, driven by strong capacity additions [3] - Polaris Forge 1 has secured long-term leases with CoreWeave, covering 400 MW and approximately $11 billion in contracted revenues, setting a strong foundation for Polaris Forge 2 [2][8] Competitive Landscape - Applied Digital faces competition from established data center operators like Equinix and Digital Realty Trust, which have significant scale and diversified customer bases [4][5] - Equinix operates over 260 data centers globally, providing a strong interconnection platform, while Digital Realty Trust focuses on hyperscale developments across multiple regions [4][5] Share Price and Valuation - Applied Digital's shares have appreciated 106.4% year-to-date, significantly outperforming the broader Zacks Finance sector and the Zacks Financial - Miscellaneous Services industry [6] - The company is trading at a forward 12-month Price/Sales ratio of 13.4X, compared to the industry's 3.36X, indicating a premium valuation [10] Earnings Estimates - The Zacks Consensus Estimate for Applied Digital's first quarter fiscal 2026 loss is 6 cents per share, reflecting a decline from the previous year's loss of 3 cents per share [13] - The consensus for fiscal 2026 loss is pegged at 21 cents per share, suggesting a 73.75% year-over-year improvement [13]

Group 1 - Broadstone Net Lease, Inc. (BNL) is a notable stock in the Finance sector, currently ranked 2 within the Zacks Sector Rank, which evaluates 16 different sector groups [2][3] - The Zacks Rank system indicates that BNL has a favorable earnings outlook, with a current Zacks Rank of 2 (Buy) [3] - Over the past 90 days, the Zacks Consensus Estimate for BNL's full-year earnings has increased by 0.5%, reflecting improved analyst sentiment [4] Group 2 - BNL has achieved a year-to-date return of approximately 12.2%, outperforming the average gain of 11.1% for Finance stocks [4] - BNL belongs to the REIT and Equity Trust - Residential industry, which has seen an average loss of 8.9% this year, indicating BNL's superior performance [6] - In comparison, another Finance stock, Applied Digital Corporation (APLD), has significantly outperformed the sector with a year-to-date return of 106.4% [5][7]

Core Insights - Applied Digital has transitioned from a specialized data center business to a key player in the AI infrastructure sector, with its stock more than doubling in 2023 [2][3] - The company secured a significant lease agreement with CoreWeave valued at approximately $7 billion over 15 years, which triggered a stock rally of over 100% in one week [3] - Macquarie Asset Management announced an investment of up to $5 billion in Applied Digital, including an immediate commitment of $900 million, enhancing the company's capital and credibility [3] Financial Performance - In the latest quarter, Applied Digital reported revenues of $38 million, slightly exceeding expectations, and a narrower-than-expected loss of $0.03 per share [4] - The company is positioned to benefit from the projected $381 billion investment in AI-related capital expenditures by major tech firms like Microsoft, Amazon, and Meta by 2025 [4] Future Developments - The upcoming Polaris Forge 2 campus in North Dakota represents a $3 billion project with 280 megawatts of capacity, set to break ground in September 2025 and begin operations in early 2027 [5] - If Applied Digital can secure tenants before the campus completion, it may lead to another significant increase in stock value [5] - The company faces challenges related to capital intensity and competition but is strategically positioned to capitalize on the growing demand for AI infrastructure [5][6]

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]