Applied Digital Corporation vs ON Holding AG — how do they compare? Applied Digital Corporation trades at $32.04 (market cap $8.55B), while ON Holding AG trades at $31.21 (market cap $10.33B). The key difference: ON Holding AG is the larger of the two by market cap, and Applied Digital Corporation is trading nearer its 52-week high, ON Holding AG nearer its low. Which is the better fit depends on your goals.
| APLD | ONON | |
|---|---|---|
Market Cap | $8.55B | $10.33B |
Sector | Technology | Technology |
52-Week High | $49.65 | $50.63 |
52-Week Low | $13.89 | $30.91 |
Enterprise Value | $12.06B | $9.47B |
Signals from Pluang's Aura AI — not financial advice
Applied Digital (APLD) trades at $29.06, down 0.55% on the day, with a bearish technical signal and recent earnings misses. The company reported a net loss of $231.07 million in 2025 despite revenue growth, while analyst consensus remains strongly bullish with a $72.36 price target. Recent news highlights significant AI infrastructure contracts and insider selling activity.
Outlook hinges on execution of its $36 billion AI infrastructure pipeline, but risks include high cash burn, negative margins, and rising debt. The stock offers high growth potential if operational targets are met, yet financial sustainability concerns warrant caution for investors amid volatile sentiment.
No Aura AI signal available yet.
Trailing returns across standard periods
Latest headlines on both assets
Applied Digital provides high-performance computing (HPC) infrastructure and cloud services. It designs and operates data centers tailored for AI, machine learning, and other intensive digital workloads across North America.
Read more on APLD →ON Holding AG is a Swiss sports company primarily known for its high-performance running shoes, apparel, and accessories under the 'On' brand. The company emphasizes a blend of high-end design, proprietary cloud technology (like CloudTec cushioning), and sustainability in its products. On has rapidly gained market share globally, appealing to both competitive athletes and general consumers in the performance and lifestyle footwear segments.
Read more on ONON →