Applied Digital Corporation (APLD)

Over the past six months, Applied Digital Corp.'s stock price has been impacted by several events. In January 2026, the company reported its fiscal second-quarter results, appointed Jason Zhang as President, and announced breaking ground on Delta Forge 1, which initially boosted the stock. However, the stock saw a modest decline due to concerns about crypto miners pivoting to AI data centers. In February 2026, the stock experienced a significant drop despite positive analyst ratings, and insider sales were noted. The stock has shown significant volatility, with a 52-week range between $3.31 and $42.27, and a closing price of $34.95 as of February 6, 2026.

Information regarding the specific demand seasonality for Applied Digital Corp.'s products and services is not readily available. The demand for high-performance computing and AI infrastructure is generally driven by ongoing technological advancements and enterprise adoption rather than traditional seasonal patterns.

Applied Digital Corporation is a technology company focused on designing, developing, and operating digital infrastructure solutions and cloud services for the high-performance computing (HPC) and artificial intelligence (AI) industries in North America. The company operates in the Technology Services sector, specifically in the Data Processing Services industry. Its major products and services are categorized into Data Center Hosting, Cloud Services, and HPC Hosting.

Applied Digital Corporation's operations are primarily located in North America. The company is headquartered in Dallas, Texas, and operates data center sites in North Dakota, including the Polaris Forge campuses in Ellendale. The company is expanding its footprint with Delta Forge 1, a 430 MW AI Factory campus in a Southern U.S. state.

Applied Digital's brand reputation appears largely positive due to its strategic shift and expansion into AI and HPC data centers. The company has received a consensus "Buy" rating from analysts, with some firms raising their price targets. Its proactive facility expansion and strategic focus on HPC build-out, including collaborations with companies like CoreWeave, have been highlighted as favorable. The announcement of breaking ground on new AI factory campuses has also been met with enthusiastic investor response. However, general market sentiment and stock volatility, such as caution regarding crypto miners pivoting to AI data centers, could be perceived as minor reputational concerns.

Applied Digital Corporation has a significant number of institutional owners and shareholders, with 558 institutional owners holding a total of 212,535,591 shares. Major institutional shareholders include Vanguard Group Inc., Hood River Capital Management LLC, BlackRock, Inc., D. E. Shaw & Co., Inc., Jane Street Group, Llc, Susquehanna International Group, Llp, Nvidia Corp and Situational Awareness LP. Individual ownership also includes the Cummins Family Ltd., and company insiders collectively own 9.50% of the company's stock.