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Upturn AI Summary - About
Applied Digital Corporation(APLD)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for APLD
10/23/2026: APLD (2-star) is currently NOT-A-BUY. Pass it for now.
Applied Digital Corporation is an infrastructure provider specializing in high-performance computing and AI-ready data centers. Its business strength lies in its ability to quickly construct energy-intensive facilities, a critical advantage as the demand for AI compute capacity outstrips supply. The company's growth story is centered on its pivot toward higher-margin GPU-as-a-Service offerings. Investors must weigh this potential against significant execution and valuation risks, including heavy capital requirements and competition from larger hyperscalers. While the company is not currently suitable for dividend-focused investors, it remains a high-growth candidate for those monitoring the scaling of AI-specific infrastructure.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The company is in an aggressive expansion phase targeting the high-growth AI infrastructure market. |
| Momentum investor | Mixed fit | The stock often reacts strongly to AI sector news, but requires a positive market upturn signal to confirm trend strength. |
| Value investor | Weak fit | Current valuation is based on future growth potential rather than established earnings or dividends. |
| Dividend investor | Weak fit | The company does not pay dividends as it consumes capital for infrastructure development. |
| Low-risk investor | Weak fit | High capital expenditure, execution risks, and sensitivity to interest rates make this unsuitable for risk-averse investors. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock's beta is high, leading to significant price swings tied to AI hype and capital markets. |
| Valuation risk | Medium / high | Valuation relies on aggressive future revenue forecasts for AI cloud services. |
| Competition risk (AI infrastructure) | High | Competing with hyperscalers who have larger capital budgets and existing client ecosystems. |
| Business quality | Medium | The transition to high-performance AI services is promising but still in the early stages of establishing consistent margins. |
| Dividend income | Low / none | The company is a growth-stage firm that does not distribute cash to shareholders. |
| Execution risk | High | Success depends on the timely and budget-compliant construction of massive power-heavy data centers. |
Price Behavior
Downtrend
The stock has experienced a sustained decline in price over recent periods.
Extreme Price Shocks
The stock has experienced exceptionally large and disruptive price movements during the period.
Analysis of Past Performance
Type Stock | Historic Profit 23.55% | Avg. Invested days 25 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/23/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.52B USD | Price to earnings Ratio - | 1Y Target Price 62.44 |
Price to earnings Ratio - | 1Y Target Price 62.44 | ||
Volume (30-day avg) 23.6M shares | Beta 6 | 52 Weeks Range 17.65 - 50.73 | Updated Date 10/25/2026 |
52 Weeks Range 17.65 - 50.73 | Updated Date 10/25/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.91 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Data Center Hosting | Leasing space and power for high-performance computing hardware. | The company makes money by providing the 'land and power' for AI/HPC tasks. |
| GPU Cloud Services | Renting out high-performance GPU compute cycles to AI researchers and companies. | The company acts as a specialized cloud provider for intensive AI computing needs. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Valuation
Trailing PE - | Forward PE 526.32 | Enterprise Value 11.01B | Price to Sales(TTM) 6.33 |
Enterprise Value 11.01B | Price to Sales(TTM) 6.33 | ||
Enterprise Value to Revenue 19.01 | Enterprise Value to EBITDA -7.43 | Shares Outstanding 302.39M | Shares Floating 261.06M |
Shares Outstanding 302.39M | Shares Floating 261.06M | ||
Percent Insiders 7.72 | Percent Institutions 74.44 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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