Applied Digital's stock dropped 4% to $23.72, pushing its 2026 performance into negative territory with a 3% year-to-date loss. This decline reflects a broader sell-off in smaller AI data center hosting companies like Core Scientific and Cipher Mining, despite solid revenue and earnings growth reported by Applied Digital. The sell-off is driven by rising equity costs amid expectations of continued hyperscaler capital expenditure, which pressures these leveraged buildout plays. Meanwhile, larger data center and semiconductor ETFs remain relatively stable, highlighting a rotation favoring established AI infrastructure over smaller, riskier players. Investors should watch for stabilization or further declines as earnings and capex updates unfold.
Applied Digital trades at $23.72 on Pluang as of Sep 16, 2026 01:02 WIB, down 3.50% for the day and holding a market cap of $6.99 billion. Core Scientific and Cipher Mining also show declines, with prices at $16.25 and $15.10, down 4.19% and 3.42% respectively. These figures highlight ongoing pressure on smaller AI data center companies amid the broader market rotation away from leveraged buildout plays.
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...
Applied Digital reported a fiscal Q1 2027 earnings per share of -$0.01, beating estimates of -$0.30, with revenue soaring 322% year-over-year to $341.9 million. The company is expanding its AI data center capacity internationally, securing up to 1 gi...
