Applied Digital Stock latest News
Applied Digital Corporation is a equity in the USA market
6/9/20252 min read


## Stock market information for Applied Digital Corporation (APLD)
* Applied Digital Corporation is a equity in the USA market.
* The price is 13.685 USD currently with a change of -0.17 USD (-0.01%) from the previous close.
* The latest open price was 14.51 USD and the intraday volume is 28664540.
* The intraday high is 14.81 USD and the intraday low is 13.55 USD.
* The latest trade time is Monday, June 9, 19:37:54 +0530.
Here are the latest news highlights on Applied Digital (APLD) stock:
---
### 🔹 Big AI Deal Sparks Massive Rally
* 15‑year lease with CoreWeave for AI data center space at Ellendale, ND: expected $7 billion in revenue, initially 250 MW capacity with 150 MW option
* Result: shares jumped ~48–54% on June 2, closing around $10.14 after opening near $6.83
### 🔹 Technical Indicators & Momentum
Stock surged 103% in the prior week*, topping around $13.86, breaking out of a “cup‑and‑handle” bullish pattern. Technical targets include resistance near $17 and $28, with a long‑term projection up to ~$46.70; support lies near $10.50
Relative Strength (RS) Rating jumped from 88 to 98, indicating strong relative outperformance*. However, analysts caution that current prices aren't at optimal entry levels
### 🔹 Analyst Activity & Financing Updates
* Multiple firms raised price targets:
* B. Riley: ➚ from $8 → $15
* JMP: ➚ to $18
* Others (HC Wainwright, Craig Hallum, Needham) echoed “buy” ratings .
A \$150 million *convertible preferred stock issue** was announced to bolster funding for the Ellendale campus
### 🔹 Cautions & Risks
* Valuation and debt concerns: Some analysts warn that $7 billion spread over 15 years limits near‑term impact; heavy debt, niche market exposure, and earnings unprofitability remain issues ([seekingalpha.com][7]).
* The stock was previously unprofitable, trading at ~11× EV Sales, with no current earnings growth and a negative operating margin
---
### 📅 What’s Next?
* Watch key levels: support at ~$10.50; resistance near $17–28, with technical upside to ~$46
* Monitor execution: lease revenue rollout begins late 2025; upcoming Q3 earnings call in July expected to detail progress.
* Balance optimism with fundamentals: while AI‑infrastructure demand is strong, profitability, debt load, and execution are pivotal.
---
### ✅ Summary
APLD is riding a massive surge thanks to its CoreWeave AI data center lease. Technicals and analyst sentiment are highly bullish, yet valuation, debt, and near-term earnings remain key risks. Entry timing now may be less favorable, but investors should monitor support (~$10.50) and upcoming earnings for better visibility.
Insights
Stay updated with stock market news and trends.
Trades
Market
Shahshyam288@gmail.com
+917575051597
© 2025. All rights reserved.