Applied Digital, which builds AI data centers with $36 billion in contracted revenue, has seen its stock fall 15.8% year to date due to high debt and unprofitability despite strong lease contracts. Meanwhile, Wolfspeed, a maker of power chips for AI data centers, has gained 61.7% as investors reward its cleaner balance sheet and growth potential in advanced chip production. The divergence highlights investor caution about Applied Digital's execution risks and optimism about Wolfspeed's turnaround and scaling of 200 mm wafer production. Both companies face key upcoming milestones to prove their business models' viability.
Applied Digital (APLD) trades at USD 23.30 on Pluang, down 1.60% for the day, with a market cap of $7.16 billion as of Oct 12, 2026 19:41 WIB. Wolfspeed (WOLF) is priced at USD 30.08, down 1.51%, holding a market cap of $1.62 billion at the same time. Both stocks show active trading with typical hold times of 24 and 20 days respectively on the platform.
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Applied Digital's stock has fallen over 50% from its peak, currently trading at $23.85, while analysts' average price target is $65.37, implying a 174% upside. The company builds AI data center campuses and has $36 billion in contracted lease revenue...
Shares of data center builders Cipher Digital, TeraWulf, and Applied Digital dropped due to rising long-term Treasury yields, which increase the cost of financing their projects. Cipher Digital fell 6%, the largest decline among the group, reflecting...
Applied Digital Corporation is recommended as a buy due to strong demand and a substantial $36 billion contracted backlog. The company is executing over 600 MW of new capacity expected to come online within 12 months, with expansion leases driving hi...
Applied Digital reported a first-quarter revenue of $341.9 million, a 322% increase from the previous year, driven by strong demand for AI data center infrastructure. The company beat analyst expectations significantly, with adjusted earnings per sha...
