Added to YB: 2026-04-10
Pitch date: 2026-04-08
APLD [neutral]
Applied Digital Corporation
-1.84%
current return
Author Info
No bio for this author
Company Info
Applied Digital Corporation designs, develops, and operates digital infrastructure solutions to high-performance computing (HPC) and artificial intelligence industries in North America.
Market Cap
$7.8B
Pitch Price
$26.05
Price Target
N/A
Dividend
N/A
EV/EBITDA
-828.82
P/E
-60.31
EV/Sales
30.86
Sector
IT Services
Category
growth
APLD's financial report shows a dramatic turnaround! Is this CoreWeave's lifeline, or a gamble that backfires on $2.7 billion in debt?
APLD (earnings): Q3 rev $126.6M vs $75.5M est (+139% YoY), adj EPS $0.09 vs -$0.14 est, adj EBITDA $44.1M. HPC hosting rev $71M driven by CoreWeave. Bulls: 100MW liquid-cooled capacity, power grid scarcity, long-term contracts. Risks: $2.7B debt w/ 6.75% rate = $145M annual interest, extreme CoreWeave concentration, construction execution to 1GW.
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