Executive Summary
Generated July 30, 2026
Cloud Computing
Applied Digital
Strategic importance is our editorial rating of how central this entity is to the technology landscape we track; confidence reflects how well-sourced and current the underlying evidence is.
0
Chokepoint Score
no direct dependencies recorded in the graph
Steady
Momentum
insider filing activity unchanged since last check
Headquarters
Dallas, Texas, USA
Website
Employees
200 (2025, approximate)
Founded
2001
Listing
APLD · NASDAQ
Market Cap
$7.66B
Revenue (TTM)
$319.26M
Price
USD26.62 (-11.41%)
Market data as of Jul 29, 2026, 11:25 AM · Source: Yahoo Finance (delayed). Not investment advice.
Overview
An AI infrastructure and data center company providing high-performance computing capacity, part of the same emerging 'neocloud' category as CoreWeave, IREN, and Nebius that has grown rapidly to meet AI compute demand outside the traditional hyperscalers. Applied Digital reported fiscal Q3 2026 revenue of $126.6 million (up 139% year-over-year, beating consensus of $75-78 million), with its Polaris Forge 1 campus reaching full operating capacity at 286 MW of HPC hosting, prompting a new 200 MW hyperscaler lease for Polaris Forge 2.
Strategic Connections
- AI Data Centers: Applied Digital operates data center facilities being converted to host AI and high-performance computing infrastructure.
- CoreWeave: Applied Digital competes with CoreWeave, IREN, and Nebius in the emerging neocloud category providing AI compute capacity outside traditional hyperscalers.
Strategic Risks
- Neocloud business models carry significant capital intensity and customer concentration risk
Future Outlook
- Continued build-out of AI data center capacity to meet compute demand
Sources
3 sources, 82% average source confidence — full citations in the Full Analyst Report.
Generated by InsightNodes — Technology Intelligence Platform. This report reflects sourced, evidence-backed information as of the dates cited above and is not investment advice.
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