Applied Digital Corporation (APLD)

Sep 25, 2026

Applied Digital has confirmed plans for a $3.2 billion hyperscale AI factory named Delta Forge 2 in Brookwood, Tuscaloosa County, Alabama. The facility, which will be leased to an undisclosed hyperscaler, is expected to create over 1,000 temporary construction jobs and 100 full-time positions upon its 2028 operational start. Despite community concerns, the company anticipates the project will significantly boost local tax revenue and create opportunities for residents.

Sep 25, 2026

Applied Digital announced that its $3.2 billion Delta Forge 2 AI data center will be constructed in Brookwood, Alabama, on a 1,300-acre site. The project, which will create up to 1,000 construction jobs and 100 permanent roles, is expected to begin operations by 2028. This new facility will serve an unnamed investment-grade hyperscaler, and Applied Digital is committing $270 million in community benefits over 20 years to the local Tuscaloosa County Economic Development Authority.

Sep 25, 2026

Applied Digital has confirmed it will build its Delta Forge 2 AI Factory campus in Brookwood, Alabama, a $3.2 billion investment. The 1.26 million square foot data center will create over 1,000 construction jobs and 100 full-time positions, with the company committing $270 million in community benefits payments and generating significant education tax revenue for the area. This announcement follows weeks of environmental and transparency concerns regarding the site.

Sep 24, 2026

This article compares Applied Digital (APLD) and IREN, two technology companies transitioning from crypto roots to high-performance computing and data center services for AI. While Applied Digital shows strong revenue growth and a high current ratio, it faces customer concentration risk and significant net losses. IREN, despite a larger net loss, has secured multi-billion dollar contracts with Microsoft and Nvidia, suggesting a more stable foundation for its AI cloud infrastructure pivot.

Sep 23, 2026

This article examines whether investors should sell their Applied Digital (APLD) stock, despite the company securing significant data center leases totaling $36 billion. While APLD has a strong track record of timely delivery and substantial revenue growth potential from its contracted capacity, it faces high customer concentration risk, low operating margins, and a much higher sales multiple compared to the S&P 500. The article highlights the stock's volatility during market downturns and significant debt levels, suggesting that operational milestones related to campus delivery, utility interconnects, and sustained operating profits are crucial for its thesis to play out.

Sep 16, 2026

Applied Digital's stock dropped 4% to $23.72, pushing its year-to-date performance into negative territory, marking a significant reversal for a company previously favored in the AI capacity market. This decline is part of a broader sell-off in AI hosting companies, with Core Scientific and Cipher Mining also experiencing drops, though they remain positive for the year. The article highlights that selling is concentrated in these leveraged buildout names, while the broader Global X Data Center & Digital Infrastructure ETF (DTCR) saw only a slight decline, indicating a rotation towards AI infrastructure incumbents over capital-hungry buildout plays.

Sep 13, 2026

Jim Cramer recently endorsed Akamai (AKAM) as "terrific" due to its pivot towards security and cloud infrastructure, while rejecting Builders FirstSource (BLDR) due to its cyclical nature and Applied Digital (APLD) because it isn't GAAP profitable. The author argues that Cramer's "cash generation first" philosophy might be misapplied to Applied Digital, given its significant take-or-pay contracts with investment-grade hyperscalers. Akamai's strong performance and analyst targets support Cramer's positive outlook, whereas his caution on Builders FirstSource aligns with its recent earnings and cyclical position.