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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
10/09/2026: APLD (2-star) is currently NOT-A-BUY. Pass it for now.
Applied Digital Corporation is an infrastructure company that provides high-performance computing and AI cloud services, specializing in the design and operation of high-density data centers. The company has successfully pivoted from crypto-hosting to serve the rapidly expanding demand for GPU compute power. Its main opportunity lies in scaling its AI cloud platform to attract high-profile enterprise customers. However, the company faces significant execution, valuation, and competitive risks, particularly from hyperscale cloud providers with greater capital resources. Applied Digital may best suit growth-oriented investors with a high risk tolerance who are willing to monitor infrastructure execution and capital funding milestones.
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 | Applied Digital offers aggressive growth exposure to the AI infrastructure super-cycle. |
| Momentum investor | Mixed fit | The stock is highly sensitive to AI-sector sentiment and requires a positive trend to justify technical entry. |
| Value investor | Weak fit | The company's heavy capital expenditures and current lack of consistent net profitability make it unsuitable for traditional value metrics. |
| Dividend investor | Weak fit | Applied Digital does not pay a dividend, prioritizing capital reinvestment. |
| Low-risk investor | Weak fit | High volatility and operational execution risks make this unsuitable for conservative portfolios. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock frequently experiences large price swings driven by market sentiment and sector-specific news. |
| Valuation risk | High | Valuations are heavily dependent on future growth expectations, leaving little room for error in execution. |
| Competition risk (AI Cloud) | Medium / high | The company competes with deep-pocketed hyperscalers that can aggressively price or out-scale them. |
| Business quality | Medium | The company is still in a transformative phase of building a sustainable, long-term moat in AI infrastructure. |
| Dividend income | Low / none | No dividend income is currently available or expected in the near term. |
| Execution risk | High | Scaling physical data center capacity on time and within budget is critical for meeting revenue targets. |
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 10/09/2026 |
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 7.16B USD | Price to earnings Ratio - | 1Y Target Price 64.03 |
Price to earnings Ratio - | 1Y Target Price 64.03 | ||
Volume (30-day avg) 19.3M shares | Beta 6 | 52 Weeks Range 19.00 - 50.73 | Updated Date 10/11/2026 |
52 Weeks Range 19.00 - 50.73 | Updated Date 10/11/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.91 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| AI Cloud Services | GPU-powered cloud compute cycles provided to AI training and inference developers. | The company earns money by renting out high-performance computer chips to businesses developing AI. |
| Data Center Hosting | Leasing physical space, power, and cooling to high-density compute users. | The company charges fees to host and power the heavy machinery required for high-tech data operations. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Valuation
Trailing PE - | Forward PE 526.32 | Enterprise Value 11.25B | Price to Sales(TTM) 8.21 |
Enterprise Value 11.25B | Price to Sales(TTM) 8.21 | ||
Enterprise Value to Revenue 18.4 | Enterprise Value to EBITDA -7.43 | Shares Outstanding 302.39M | Shares Floating 255.44M |
Shares Outstanding 302.39M | Shares Floating 255.44M | ||
Percent Insiders 7.67 | Percent Institutions 74.41 |
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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