$APLD

Applied Digital (APLD) shares fell 4% to $19.59, extending a downturn in leveraged AI data center developers. TeraWulf (WULF) and Core Scientific (CORZ) also declined. JPMorgan cut APLD's bond rating to Neutral, citing debt concerns. APLD reported strong Q1 revenue growth but carries significant debt. Management maintains confidence in its balance sheet and funding plans.

Morgan Stanley reduced its price target for Applied Aerospace & Defense from $24 to $16. The company's stock has seen a 5-day change of 11.35 USD and a 1st Jan change of +2.99%. RBC recently supported the company's outlook due to defense demand and backlog.

Applied Digital Corp. (APLD) director Richard N. Nottenburg sold 31,250 shares for $682,500 on October 13, 2026, at an average price of $21.84. The stock is currently trading at $20.39. Nottenburg now owns 102,128 shares, including 7,747 RSUs. APLD reported Q1 2027 revenue of $341.9M, beating estimates. Analysts have mixed price targets, ranging from $38 to $71, with most maintaining Buy ratings.

Nottenburg Richard N sold 31,250 shares of Applied Digital Corp. (APLD) at $21.84 ($0.68M total) on 2026-10-13.

Wells Fargo maintains an Overweight rating on Cipher, noting that its zero-coupon convertible is not cost-free. The bank expects cost overruns to continue for AI/HPC developers and views Applied Digital's guidance as conservative. Wells Fargo sets a $25 price target, citing contracted leases and development pipeline, but highlights risks like pipeline concentration and rising costs.

Data-center bonds fell this week. CoreWeave's bonds saw yields rise to 15% due to debt concerns. Applied Digital's bonds dropped after JPMorgan cut its rating to Neutral, citing potential supply overhang. Cipher Digital's new debt raise also contributed to investor anxiety.

Cipher Digital (CIFR) and Applied Digital (APLD) stocks fell 9% and 6% respectively, as financing costs for data center developers face scrutiny. CIFR's decline follows a zero-coupon convertible note offering for its Barber Lake expansion. The Global X Data Center ETF (DTCR) dropped 1.5%, less than individual stocks, indicating a repricing of financing risk. Both companies raise capital against future leases, linking valuations to capital costs.

Applied Digital (APLD) stock fell 34% over the past year, as the company relies on debt to fund its AI data center construction. It spent $4.5B more than it earned in the last year, with $2.9B in cash and $6.5B in debt. Management expects to add 600MW of capacity in the next year, but lenders pulling back could slow growth. The company has $36B in contracted revenue and most debt maturing after 2031.

Applied Digital Corp (APLD) shares fell 9.36% to $20.35 Wednesday, near their 52-week low. Investors reacted to a spike in CoreWeave's bond yield, signaling higher borrowing costs for AI companies. A hotter-than-expected inflation report also pressured rate-sensitive stocks. Chamath Palihapitiya warned of a potential 'private credit bubble' in AI financing, citing increased capital expenditures by major tech firms.

Applied Digital (APLD) reported fiscal Q1 2027 revenue of $341.9M, up from $80.9M a year earlier, with $65.8M from base rent. The company recorded a net loss of $221.0M, or $0.76 per share, including non-cash charges. Management expects continued growth, with plans to add 600 megawatts in the next year and secure higher-priced leases. The company has $6.4B in debt and $2.9B in cash, with most debt maturing after 2031.