Applied Digital Beats on Revenue, but Fit-Out Mix and Debt Keep the Stock Reaction Muted
Revenue and adjusted EPS beat consensus, but more than half of HPC sales were lumpy fit-out, not rent. Debt and funding remain the overhang.
/ 18 items
#APLD↓
Wells Fargo Starts Coverage on WULF, CORZ, CIFR, APLD and HUT With Overweight Ratings
Wells Fargo begins coverage of five HPC and AI data center stocks, citing contracted power, tenant quality and pipeline upside.
Applied Digital Beats Q4 Estimates as $20 Billion AI Data Center Leases Drive Explosive Growth
Total contracted load hits 1.4 GW.
Morgan Stanley Says “Buy the Dip” – RIOT, HUT, APLD
Morgan Stanley initiates coverage on RIOT, HUT & APLD with strong price targets. See massive upside potential of up to +139% as Bitcoin miners turn into AI power providers.
Applied Digital Lands Massive 210 MW Lease at Delta Forge 2 – Now Running Five AI Factory Campuses
Applied Digital just signed a major 210 MW 15-year lease with a top U.S. hyperscaler at its fifth AI Factory campus, Delta Forge 2. Total contracted revenue now hits ~$36B.
Applied Digital Hits Major Milestone: Surpasses 1 GW Contracted Capacity with $7.5B Hyperscaler Lease at Polaris Forge 3
Applied Digital passes 1GW AI data center deals, signs long lease with hyperscaler, $31B revenue secured, big expansion ahead.