Professional
Added to YB: 2024-09-12
Pitch date: 2024-09-11
APLD [bullish]
Applied Digital Corporation
+44.78%
current return
Author Info
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Company Info
Applied Digital Corporation designs, develops, and operates digital infrastructure solutions and cloud services high-performance computing (HPC) and artificial intelligence industries in North America.
Market Cap
$1.7B
Pitch Price
$5.65
Price Target
13.00 (+49%)
Dividend
N/A
Sector
IT Services
Category
growth
Pernas Research Starter Position Initiated On: Applied Digital Corporation
APLD (starter position): Transitioning from bitcoin miner to AI data center provider. 400 MW Ellendale, ND facility well-suited for AI workloads. LOI with hyperscaler, contract expected by Feb 2025. Limited AI data centers in US due to high power needs. 400 MW buildout alone could double $1.3B valuation from $6.50/share.
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