Applied Digital Corp. (APLD) Stock Analysis
Latest ClaritX AI analysis ·
Applied Digital Corporation designs, develops, and operates digital infrastructure solutions to high-performance computing (HPC) and artificial intelligence industries in North America. It operates through: Data Center Hosting Business, and HPC Hosting Business. The company offers infrastructure services to crypto mining customers; and GPU computing solutions for critical workloads related to AI, machine learning, and other HPC tasks. It also engages in the designing, constructing, and managing of data centers to support HPC applications. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporatio
| Metric | Value |
|---|---|
| Price | $25.38 |
| Market cap | $7.3B |
| Sector | Technology |
| Industry | Information Technology Services |
| ClaritX AI score | 22/100 |
| Price/Book | 4.07 |
| Beta | 5.73 |
AI verdict
The investment thesis for Applied Digital (APLD) remains an extraordinarily speculative, binary gamble characterized by profound fundamental distress, yet slightly buoyed by recent, tangible operational milestones and critical customer diversification. Strict momentum awareness dictates extreme caution: currently trading at $25.38, the equity remains trapped in a massive 49.97% drawdown from its established 52-week high of $50.73. This enormous distance from the peak mathematically guarantees immense overhead supply, as trapped buyers will look for exit liquidity on any attempted rally. Coupled with an astronomical beta of 5.728, APLD operates explicitly as a hyper-volatile trading vehicle, prone to violent thematic whipsaws rather than stable corporate growth. The stock remains decisively stranded beneath its 20-day, 50-day, and 200-day moving averages, confirming a persistent structural downtrend despite a recent sentiment-driven bounce. Beneath the visionary AI infrastructure narrative lies a catastrophic financial reality, though the operational narrative has recently de-risked. APLD operates with a highly dangerous Debt-to-Equity ratio of 2.86, a structurally insolvent interest coverage ratio of -7.46, and a horrific free cash flow of -$9.72 per share. However, the revelation that CoreWeave’s share of the $36 billion backlog has dropped to 30% significantly mitigates the existential single-customer concentration risk that previously haunted the thesis. Furthermore, the
What this score has been worth
ClaritX scores APLD 22 out of 100 (snapshot 2026-10-05).
Every ClaritX analysis is scored first and judged only on what the stock did afterwards. Across the 117 analyses that scored in the 0-49 band, the average forward return was -4.2% with a 32% win rate, -9.0pp against the S&P 500. That is a measured tendency across many names, not a forecast for APLD — roughly 68% of stocks in this band still lost money.
The full band-by-band table, including the bands that lost, is on the AI Rank Report; the live strategy arms behind it are on the AI Track Record, losses published.