Applied Digital Corporation vs Spotify Technology — how do they compare? Applied Digital Corporation trades at $31.12 (market cap $8.55B), while Spotify Technology trades at $484.42 (market cap $103.00B). The key difference: Spotify Technology is far larger — about 12× Applied Digital Corporation's market cap, and Applied Digital Corporation is trading nearer its 52-week high, Spotify Technology nearer its low. Which is the better fit depends on your goals.
| APLD | SPOT | |
|---|---|---|
Market Cap | $8.55B | $103.00B |
Sector | Technology | Media |
52-Week High | $49.65 | $738.53 |
52-Week Low | $13.89 | $412.75 |
Enterprise Value | $12.06B | $92.70B |
Signals from Pluang's Aura AI — not financial advice
Applied Digital (APLD) trades at $30.89, up 6.3% today, with a neutral technical signal despite recent earnings misses. The company shows explosive revenue growth potential with $36 billion in contracted AI infrastructure deals, though current financials reveal significant losses with a -39.91% net margin. Analyst sentiment remains strongly bullish with 100% buy ratings and a $72.36 consensus target.
The stock presents high-risk, high-reward potential with massive contracted revenue offset by current negative profitability and substantial financing needs. Key catalysts include data center build-out execution, while risks include debt load expansion and competitive pressures in the AI infrastructure space.
Spotify (SPOT) trades at $489.65, down 4.33% in the last session, amid mixed technical signals and strong fundamentals. The stock shows a bullish moving average trend but neutral oscillators, with key support at $487. Financially, revenue grew to $17.19B in 2025 with a net income margin of 12.87%, while recent news highlights initiatives like AI artist labeling to enhance transparency.
Outlook remains positive with a consensus price target of $598.20, implying 22% upside, driven by subscriber growth and margin expansion. Risks include competitive pressures and cost management, but analyst sentiment is bullish with 62% buy ratings, supporting long-term value for investors.
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 →Spotify Technology S.A. provides music streaming services. The Company offers commercial-free music and ad-supported services to subscribers. Spotify Technology serves clients worldwide.
Read more on SPOT →