Applied Digital Corp. (APLD) on Decifer

Why it ranks here

It is not profitable yet but the profit it keeps on each sale is improving and it now funds itself from its own cash.
Revenue is growing about 184% a year, profits grew 22% over the past year, and growth is speeding up, not slowing down.
It keeps a healthy share of every sale as profit, with profitability widening as it grows.
It is riding an active market tailwind but its balance sheet leaves little room to fund growth.
It keeps issuing a lot of new shares, which dilutes its owners.
Our durability check found pressure on this name, which costs it a few points.

The current read

The evidence on APLD lines up on the supportive side: the intelligence feed flags this name as connected to what is moving markets now. The independent signals we track are telling the same story.

Themes

Digital Assets & Crypto: Applied Digital mines Bitcoin and operates high-density compute infrastructure. BTC price and network hashrate directly affect mining economics and hosting demand.
Semiconductors & AI Compute: Applied Digital operates high-performance computing data centres purpose-built for AI workloads and cryptocurrency mining. HPC cloud revenue from AI hosting is a growing share of revenue as hyperscalers seek alternative GPU compute capacity.
Power, Grid & Nuclear: Applied Digital Corporation sits in the data centre layer of the Power, Grid & Nuclear story.

Read the full APLD research brief · See all quality rankings

Intelligence data powered by Decifer. Not financial advice. For informational purposes only.