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APLD Applied Digital Corp.

NASDAQ · Technology · Information Technology Services

$19.25
+6.6% today
Mkt cap $5.8B
Analyse APLD
APLD one-year price
y = -7.96e-6x^3 + 0.002322x^2 - 0.1381x + 31.23 · R² 0.34 · volatile no trend · CAGR -46.5% · max drawdown 63.6%

No clear trend in APLD close; the series is best described as volatile (best R²=0.34) — it fell 46% over the period (35.9 → 19.25). The distribution of APLD close is right-skewed, with 5 outliers at 2026-05-21, 2026-05-27, 2026-05-28 and 2 more. APLD close's largest drawdown from peak reached 64% (peak 2026-05-28, trough 2026-10-16).

All analyses on APLD (1)

AnalysisCRWVNBISIRENWULFSep 9, 2026

Public neocloud universe and positioning

The public neocloud set is small and concentrated: CoreWeave (CRWV, ~$54.5B) and Nebius (NBIS, ~$58.5B) are the only listed pure-play AI/GPU cloud providers with material revenue, and both are growing exponentially (CRWV revenue +341% over 8 quarters to $2.58B; NBIS +1,245% to $582M, +454% YoY). A second tier of public names is pivoting from bitcoin mining into AI data centers (IREN ~$16.7B, TeraWulf ~$8.9B, Applied Digital ~$8.1B, Cipher ~$7.6B, Core Scientific ~$6.0B) but their AI-cloud revenue is still early and less transparent. The private segment (Crusoe, Lambda, Together AI, etc.) is where the most differentiated capacity and frontier-lab relationships sit, and it is the most crowded. The clearest differentiated public positions are CRWV (largest backlog, ~$99B, but extreme Microsoft concentration) and NBIS (fastest growth, Meta capacity deal, lower beta).

Moderate confidence · 70%Unratedby Cesar Lee