Latest news with #AppliedDigital
Yahoo
4 days ago
- Business
- Yahoo
CoreWeave (CRWV) Jumps on Strong Investor Confidence
CoreWeave, Inc. (NASDAQ:CRWV) is one of the . CoreWeave rallied by 8.47 percent on Tuesday to close at $171.93 apiece, hitting a new all-time high on continued investor excitement over artificial intelligence. In recent news, CoreWeave, Inc. (NASDAQ:CRWV) announced record-breaking performance results using Nvidia Corp.'s latest Grace Blackwell chips. CoreWeave, Inc. (NASDAQ:CRWV) said in a statement that it used 2,496 Nvidia GPUs on its AI-optimized cloud platform, making its submission the largest-ever benchmarked under MLPerf. A software engineer hosting a remote video training session on a multi-cloud database-as-a-service solution. CoreWeave, Inc. (NASDAQ:CRWV) said that the test was 34x larger than the only other submission from a cloud provider. 'AI labs and enterprises choose CoreWeave because we deliver a purpose-built cloud platform with the scale, performance, and reliability that their workloads demand,' said CoreWeave, Inc. (NASDAQ:CRWV) Chief Technology Officer Peter Salanki. 'These MLPerf results reinforce our leadership in supporting today's most demanding AI workloads,' he added. The announcement followed its newly clinched $7-billion deal with Applied Digital Corporation (NASDAQ:APLD), covering two 15-year lease agreements, under which the latter will deliver 250 megawatts of critical IT load to host its artificial intelligence (AI) and high-performance computing (HPC) infrastructure at its Ellendale, North Dakota data center campus. While we acknowledge the potential of CRWV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Applied Digital vs. Equinix: Which AI-Infra Stock Offers More Edge?
As artificial intelligence drives explosive demand for data center infrastructure, investors are increasingly eyeing companies powering this digital backbone. Applied Digital APLD and Equinix EQIX are two such stocks riding the AI infrastructure wave, but from very different angles. APLD is a nimble, high-growth player building GPU-intensive data centers tailored for AI workloads, while EQIX is a global heavyweight offering interconnected colocation facilities trusted by enterprises and hyperscalers alike. Both are capitalizing on AI's need for power, speed and proximity — but which is the smarter investment today? In this article, we compare APLD and EQIX across growth potential, financial strength, AI positioning, and risk profile to help investors decide which stock offers a stronger edge in the AI infrastructure race. Applied Digital is rapidly emerging as a key player in the AI-era data center infrastructure space, thanks to its aggressive build-out of high-performance computing (HPC) facilities tailored for artificial intelligence and machine learning workloads. The company's core advantage lies in its ability to deliver cost-effective, GPU-powered infrastructure in energy-efficient, low-cost locations, most notably through its flagship Ellendale, North Dakota campus. Backed by strategic partnerships with Nvidia and financing from institutions like Macquarie, APLD is positioning itself to meet the soaring demand for AI compute capacity, particularly from startups and specialized enterprises that require dedicated, high-throughput environments. A major growth catalyst for APLD is the escalating need for AI-specific infrastructure that traditional hyperscalers often can't deliver quickly or affordably. With a pipeline of over 400MW in development and a focus on take-or-pay contracts, APLD is moving from speculative growth to potentially recurring, contract-backed revenues. Moreover, the company's vertical integration, from construction to hosting, allows for greater control over costs and deployment timelines. However, APLD faces notable challenges. Its business is still in an early, unprofitable phase, with heavy capital expenditures and negative cash flow. Execution risk remains high, as the company must complete large-scale buildouts on time and secure long-term clients to validate its model. Additionally, competition is intensifying as companies like Equinix and Digital Realty begin tailoring their infrastructure for AI. Regulatory uncertainties around power use, zoning, and environmental impact could also slow future deployments. Its return on equity of -77.5% is against the industry average of 16.3%. Equinix, the world's largest colocation and interconnection data center provider, is well-positioned to capitalize on the growing demand for AI and digital infrastructure. As enterprises and cloud service providers accelerate AI adoption, EQIX's global footprint, spanning over 250 data centers across 71 metros, offers a unique value proposition — proximity, scalability and connectivity. Its strategic advantage lies in its Platform Equinix ecosystem, which enables seamless interconnection between cloud services, AI applications, and data sources, critical for reducing latency and optimizing performance in AI workflows. Equinix is also investing in next-generation infrastructure tailored for AI, including high-density colocation, liquid cooling, and NVIDIA-powered private AI clusters. Its xScale data center initiative, designed for hyperscalers, further strengthens its ability to meet the power and space requirements of large AI workloads. Additionally, Equinix's REIT structure offers financial stability and consistent dividend payouts, appealing to both growth and income-oriented investors. Yet, EQIX faces several challenges. Rising energy costs and power availability constraints are pressing concerns, especially as AI workload demands significantly more electricity than traditional cloud services. Regulatory scrutiny around energy consumption and sustainability is intensifying, putting pressure on Equinix to meet aggressive carbon neutrality goals. Moreover, competition from cloud-native players building their own AI infrastructure could limit EQIX's share of high-performance compute clients. Despite these headwinds, Equinix remains a dominant force in digital infrastructure. Its scale, reliability, and trusted ecosystem position it well for the AI era, though maintaining energy efficiency and pricing power will be key to sustaining long-term growth. Its return on equity of 7% is also better than the industry average of 4.7%. The Zacks Consensus Estimate for APLD's fiscal 2026 revenues and EPS implies a year-over-year increase of 2.4% and 73.6%, respectively. There was no EPS estimate movement over the past 30 days. It has a Growth Score of 'B'. Image Source: Zacks Investment Research The Zacks Consensus Estimate for EQIX 2025 revenues implies a year-over-year increase of 5.2% while the same for EPS indicates an 8% improvement. EPS estimates have moved northward over the past 30 days. It has a Growth Score of 'C'. Image Source: Zacks Investment Research Applied Digital is trading at a price to forward 12-month sales multiple of 10.55, above its median of 1.43 over the last five years. Equinix's price-to-forward 12-month sales multiple is 9.14, above its median of 8.81 over the past five years. Image Source: Zacks Investment Research Applied Digital and Equinix both stand to benefit from the surging demand for AI-capable data center infrastructure, but they offer very different investment profiles. APLD is a high-growth, high-risk bet on next-gen GPU compute infrastructure, targeting fast-moving AI firms with purpose-built solutions. EQIX, on the other hand, provides a stable, globally interconnected platform trusted by enterprises and cloud giants alike, with growing AI infrastructure capabilities. Investors seeking aggressive growth potential may find APLD appealing, while those favoring scale, reliability, and steady dividends may choose EQIX. While both companies carry a Zacks Rank #2 (Buy) at present, EQIX seems to be cheaper with a Value score of 'D' compared to APLD, which has a Value score of 'F'. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Equinix, Inc. (EQIX) : Free Stock Analysis Report Applied Digital Corporation (APLD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
$2.7 Billion in Data Center Savings: New Applied Digital Report Positions North Dakota as the Epicenter for AI Infrastructure
Polaris Forge 'AI Factory' model outlines how smart site selection and cooling design can cut costs by up to $60M per year per campus DALLAS, June 17, 2025 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ('Applied Digital' or the 'Company'), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (HPC) applications, announces the release of a new white paper, AI Factory: A Case Study for Total Cost of Ownership. The paper details how site selection and data center design decisions can dramatically reduce the long-term costs of generative AI infrastructure. 'AI factories represent a fundamentally new category of digital infrastructure,' said Wes Cummins, Chairman and CEO of Applied Digital. 'Their success hinges on making the right decisions up front, especially around power and cooling. This white paper helps lay out what those decisions look like and why regions like North Dakota can outperform conventional markets on both cost and sustainability.' Applied Digital also introduced Polaris Forge as the name for its North Dakota-based data center region. With four campuses in various stages of development, Polaris Forge is built for scale, optimized for AI workloads, driven by renewable power and supported by infrastructure that prioritizes total cost of ownership. Key findings from the white paper include: AI factories require 15-30 times the power density of traditional data centers, driving the need for new power and cooling strategies. Site selection directly impacts cost; choosing areas with stranded power and cooler climates can reduce annual electricity costs by $50 to $60 million per year compared to other existing 100MW data centers, or up to $2.7 billion over a 30-year lifespan. Liquid cooling and free cooling are essential to long-term efficiency, enabling significantly lower Power Usage Effectiveness (PUE) and Water Usage Effectiveness (WUE). North Dakota offers more than 220 days of free cooling annually, which contributes to lower operational costs and improved sustainability. Polaris Forge 01's design, featuring a closed-loop, waterless, direct-to-chip cooling system and access to gigawatt-scale stranded power demonstrates how infrastructure purpose-built for AI can achieve a projected PUE of 1.18 and a WUE near zero. The company's existing Ellendale campus—now designated Polaris Forge 01—demonstrates how a purpose-built AI factory can outperform traditional markets. Applied Digital designed Polaris Forge 1 with speed and efficiency in mind, selecting a location that offers access to abundant stranded power, a favorable climate for free cooling, and a strong foundation for long-term capacity expansion. Built to support 400 MW of critical IT load, with over 1 gigawatt in load study, Polaris Forge 01 positions both the region and Applied Digital as leaders in AI infrastructure. In addition to its infrastructure development, Applied Digital continues to play a key role in supporting local economies and workforces through its Community and Economic Development Initiatives. The company's approach to integrating community priorities, such as workforce housing and job creation, into its data center expansion strategy has helped it scale responsibly while maintaining strong local support. 'With Polaris Forge, we're building something that's efficient, scalable and community-focused,' added Cummins. 'We believe AI infrastructure can thrive in places like North Dakota—not in spite of their location, but because of it.' Applied Digital recently signed a 250MW 15-year lease agreement, worth $7 billion over its term, with CoreWeave for deployment at Polaris Forge 01, demonstrating strong market confidence in the company's ability to deliver large-scale, AI-optimized infrastructure with speed and reliability in emerging high-performance computing regions. To learn more about how site selection and design can impact long-term AI infrastructure costs, and why Applied Digital is betting big on regions like North Dakota, download the full white paper. About Applied Digital Applied Digital (Nasdaq: APLD) develops, builds and operates next-generation data centers and cloud infrastructure. Different by design, the company's purpose-built facilities are engineered to unleash the power of accelerated compute and deliver secure, scalable and sustainable digital hosting, along with turnkey CSaaS and GPU-as-a-Service solutions. Backed by deep hyperscale expertise and a robust pipeline of available power, Applied Digital accommodates AI Factories and beyond to support the world's most exacting AI/ML, blockchain and high-performance computing (HPC) workloads. CAUTION ABOUT FORWARD-LOOKING STATEMENTS This press release contains 'forward-looking statements' as defined in the Private Securities Litigation Reform Act of 1995 regarding, among other things, future operating and financial performance, product development, market position, business strategy and objectives and future financing plans. These statements use words, and variations of words, such as 'will,' 'continue,' 'build,' 'future,' 'increase,' 'drive,' 'believe,' 'look,' 'ahead,' 'confident,' 'deliver,' 'outlook,' 'expect,' 'project' and 'predict.' Other examples of forward-looking statements may include, but are not limited to, (i) statements that reflect perspectives and expectations regarding the data center campus development, (ii) statements about the high-performance computing (HPC) industry, (iii) statements of plans and objectives, including an evolving business model, or estimates or predictions of actions by suppliers, (iv) statements of future economic performance, and (v) statements of assumptions underlying other statements and statements about the Company or its business. You are cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events and thus are inherently subject to uncertainty. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from our expectations and projections. These risks, uncertainties, and other factors include: our ability to complete construction of the Ellendale HPC data centers; changes to AI and HPC infrastructure needs and their impact on future plans; risks associated with the leasing business, including those associated with counterparties; costs related to the HPC operations and strategy; our ability to raise additional capital to fund ongoing and future data center construction and operations; our ability to obtain financing of the lease agreements on acceptable financing terms, or at all; the inability to comply with regulations, developments and changes in regulations; cash flow and access to capital; availability of financing to continue to grow our business; decline in demand for our products and services; maintenance of third party relationships; and conditions in the debt and equity capital markets. A further list and description of these risks, uncertainties and other factors can be found in the Company's most recently filed Annual Report on Form 10-K and Quarterly Report on Form 10-Q, including in the sections captioned 'Forward-Looking Statements' and 'Risk Factors,' and in the Company's subsequent filings with the Securities and Exchange Commission. Copies of these filings are available online at on the Company's website ( under 'Investors,' or on request from the Company. Information in this release is as of the dates and time periods indicated herein, and the Company does not undertake to update any of the information contained in these materials, except as required by law. CONTACT: Media Contact: Jaymie Scotto & Associates jsa_applied@ in to access your portfolio
Yahoo
13-06-2025
- Business
- Yahoo
Applied Digital (NasdaqGS:APLD) Partners With ABB To Enhance AI Data Center Efficiency
Applied Digital recently announced a significant infrastructure partnership with ABB, aiming to enhance the energy efficiency and power density of AI data centers. This development appears to align with the company's impressive share price growth of 127% over the past month. The partnership may have contributed to this surge by boosting investor confidence in the company's forward-looking AI initiatives. Amidst this, broader market indices like the S&P 500 and Nasdaq have experienced smaller, steady gains, suggesting that Applied Digital's specific developments provided additional momentum beyond overall market trends. Be aware that Applied Digital is showing 2 risks in our investment analysis and 1 of those is a bit unpleasant. Find companies with promising cash flow potential yet trading below their fair value. The recent partnership between Applied Digital and ABB represents a significant development that could bolster the company's AI data center initiatives. This collaboration aligns with Applied Digital's efforts to improve energy efficiency and power density, key considerations for future revenue growth and net margin improvement. By addressing these areas, Applied Digital could better position itself to handle anticipated developments, such as the transition to a data center REIT structure and ongoing strategic options for its Cloud Services Business. Over the past five years, Applied Digital's total shareholder return, encompassing both share price appreciation and dividends, has increased by a very large percentage, specifically 13289.04%. This growth contrasts starkly with the broader market, where over the past year, the company's shares have surpassed the US Market's 11.2% return and the US IT industry's 40.1% return. Such performance highlights investor optimism surrounding the company's strategic shifts and business potential. The recently announced partnership and shift in business strategy are expected to significantly influence Applied Digital's revenue and earnings forecasts. The strategic moves are anticipated to be crucial in increasing future revenue, especially with the projected $5 billion investment influx from collaborations like Macquarie Asset Management. Despite the current challenges, analysts suggest that substantial revenue and earnings growth is expected, although profitability remains a few years away. With a current share price of US$4.48 and an analyst price target of US$9.94, the shares trade at a notable discount, indicating potential upside amidst these strategic developments. As the company continues to execute its business plans, monitoring how these predictions unfold in the coming months will be essential for stakeholders. Gain insights into Applied Digital's historical outcomes by reviewing our past performance report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:APLD. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-06-2025
- Business
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Chegg, Victoria's Secret, Blink Charging, Applied Digital, and Peloton Stocks Trade Down, What You Need To Know
A number of stocks fell in the afternoon session after the major indices pulled back (Nasdaq -1.3%, S&P 500 -1.1%) as Israel carried out significant strikes on Iranian nuclear and military sites, dramatically escalating fears of a broader conflict in the Middle East. This development has sent crude oil prices surging, as investors fear potential disruptions to global oil supply and a wider regional conflict. The conflict intensified market anxiety, compounding volatility, especially in risk assets like stocks, and prompting a pronounced shift toward safe-haven assets. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Consumer Subscription company Chegg (NYSE:CHGG) fell 7.1%. Is now the time to buy Chegg? Access our full analysis report here, it's free. Apparel Retailer company Victoria's Secret (NYSE:VSCO) fell 6.4%. Is now the time to buy Victoria's Secret? Access our full analysis report here, it's free. Renewable Energy company Blink Charging (NASDAQ:BLNK) fell 6.3%. Is now the time to buy Blink Charging? Access our full analysis report here, it's free. Enterprise Networking company Applied Digital (NASDAQ:APLD) fell 9.9%. Is now the time to buy Applied Digital? Access our full analysis report here, it's free. Consumer Electronics company Peloton (NASDAQ:PTON) fell 5.4%. Is now the time to buy Peloton? Access our full analysis report here, it's free. Applied Digital's shares are extremely volatile and have had 115 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 11 days ago when the stock gained 51% on the news that it signed two long-term lease agreements for artificial intelligence data centers with Nvidia-backed AI hyperscaler CoreWeave. APLD is expected to deliver 250 megawatts (MW) of power for CoreWeave's AI and high-performance computing (HPC) infrastructure at its North Dakota data center campus. The bigger takeaway is financial: across the 15-year term, these contracts are expected to generate about $7 billion in revenue, providing significant long-term financial visibility for Applied Digital. The stock's reaction suggested investors viewed the deals as both a reliable new stream of recurring income and a clear signal that Applied Digital is well positioned in the rapidly expanding AI-data-center space. Applied Digital is up 43.3% since the beginning of the year, but at $11.18 per share, it is still trading 19.4% below its 52-week high of $13.86 from June 2025. Investors who bought $1,000 worth of Applied Digital's shares 5 years ago would now be looking at an investment worth $124,196. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
