Applied Digital
APLD · NASDAQ · Technology
$27.23
$1.25 (-4.59%) today
Market Cap
$7.74B
24h Volume
$371.5M
P/E Ratio
-4.4
52w High
$49.65
52w Low
$20.55
Est. AI Revenue
85%
7-Day Sparkline (Static)
Company facts
Performance
About Applied Digital
Applied Digital builds and operates data centers designed for AI computing. It makes money leasing high-density data center capacity and selling GPU cloud services to hyperscalers and AI companies that need somewhere to train and run models.
Its offerings cover the infrastructure stack for AI compute: GPU cloud hosting for customers who rent accelerated computing, high-performance computing data centers engineered for dense power and cooling, and AI training infrastructure purpose-built for large workloads.
Founded in 2001 and headquartered in Dallas, Texas, Applied Digital trades on the NASDAQ and employs about 256 people.
Applied Digital in the AI buildout
Applied Digital sits in the Neoclouds layer of the buildout, the group of companies that build AI compute capacity outside the big cloud platforms. Its high-density data centers and GPU cloud exist specifically for AI training workloads, leased to hyperscalers and AI companies. The company exists because of AI compute demand, making it a pure play on the data center buildout, which is why it carries an AI Exposure Score of 95 out of 100.
APLD is tracked in Neoclouds, rated Pure Play on the AI Exposure leaderboard.
By the numbers
52-week range
APLD trades at $27.23, 23% of the way up its 52-week range of $20.55 to $49.65.
Market cap
Market capitalization is $7.74B, with an AI Exposure Score of 95 out of 100.
Next earnings
Applied Digital is next expected to report earnings on October 8, 2026.
Market data as of the close on . Prices are end of day, not live.
Frequently asked questions
What does Applied Digital do?
Applied Digital builds and leases high-density data centers and GPU cloud capacity purpose-built for AI workloads. Its customers are hyperscalers and AI companies that need infrastructure for training and running models.
How is Applied Digital exposed to AI?
Almost completely. The company exists because of AI compute demand, and its data centers and GPU cloud are purpose-built for AI training. Supercycle rates it a pure play with an AI Exposure Score of 95 out of 100.
What are Applied Digital's main offerings?
AI cloud GPU hosting for customers renting accelerated compute, high-performance computing data centers engineered for dense power and cooling, and AI training infrastructure leased to hyperscalers and AI companies.
Where is Applied Digital headquartered and who leads it?
Applied Digital is headquartered in Dallas, Texas, and led by CEO Wes Cummins. The company was founded in 2001, employs about 256 people, and its shares trade on the NASDAQ.
Is APLD a pure play AI stock?
Yes by Supercycle's rating. Its business is building and leasing AI compute infrastructure, which places it in the pure play tier of the AI Exposure leaderboard with a score of 95 out of 100.
Profile written 2026-08, updated as the business changes. Editorial content, not investment advice.
Related reading
- Hyperscaler capex roundup: September 2026 · Seven AI builders spent $657B on capex over the last four quarters. The table, the 2026 guidance, what changed since the Q2 earnings round, and the power deals behind it.
- Neocloud stocks to watch: CRWV, NBIS, IREN, APLD · The four most-searched neocloud stocks read through the buildout tracker and the June 13F filings: who each one depends on, and what would change the picture.
- What are AI infrastructure stocks? The 12 layers, explained · AI infrastructure stocks are the companies paid to build AI compute: chips, memory, networking, data centers, cooling and power. The 12 layers and the catch.