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Applied Digital Corporation (APLD) — chart, structure and Closelooknet read

The Closelooknet read

Applied Digital designs, builds and operates data-centre infrastructure for high-performance computing and artificial-intelligence customers across North America. It runs two segments: one hosts energised space for crypto-mining tenants, the other hosts GPU capacity for AI and machine-learning developers.

Detail below: the desk's view, the earnings record, peers and the company snapshot; daily prices on the price-history tab. Research diary readings, not advice.

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The desk on APLD

What this diary said about Applied Digital Corporation, what it holds and what would change its view — in its own words, dated. Investment diary, not advice.

What we said

Signals for this name

Every Closelooknet reading that exists for APLD, from the same nightly bakes the boards use. Research diary readings, not advice.

Mentioned on Closelooknet 6 pieces · newest: Midday 10, “AI Credit — Oracle invokes force majeure on a New Mexico data center; the 30-year hits 5.45%” (2026-09-24)

Mentioned on Closelooknet

Where APLD appears in the diary — 6 pieces, newest first. Every link is our own writing.

Long reads

Dailies

Weather around the name 3 macro readings: Money Temperature, Factor regime, Sovereign pressure

The weather around this name

Macro readings that apply by membership — the regime, the factor tape, the sector cell, the funding backdrop.

  • Money Temperature Composite 46/100 · S&P 500 fund at 49, above its 200-day averageEight instruments scored on position, momentum, volume, volatility and fragility — the regime every name trades inside. Temperature lab → 2026-10-30
  • Factor regime Defensive rotation — low-vol leading, regime-change watchMomentum against low volatility (SPMO / SPLV): below its 50-day trend, 81th percentile of the window, -13.7% over 20 sessions. Factor regime → 2026-10-29
  • Sovereign pressure Index -1.66 · down 2.24 over 21 sessionsG7 long-end yields, 10s30s and the slope — the funding weather for every balance sheet on this site. Sovereign pressure → 2026-10-30
How it trades on rate days beta 1.24 to TLT · on the worst bond days it fell more than the market

How it trades on rate days

How APLD has moved when long-dated Treasury yields rise — measured against TLT, the 20+ year Treasury fund.

  • Beta to long bonds, 1 year 1.24 — shows only a loose link to bond moves for every 1% move in TLT (20+ year Treasuries), Applied Digital Corporation moved 1.24% on average · correlation 0.12 · higher than 90% of US names
  • Beta, last 3 months 0.19 less rate-sensitive lately than over the year
  • On the 10 worst bond days −3.30% on average against −0.74% for the S&P 500 the 10 sessions of the past year in which TLT fell most, i.e. long yields rose most
  • Latest of those days −0.62% TLT −1.29% that day 2026-09-24

Daily total returns from the adjusted price series; a TLT down day is a day long yields rose. Beta = the average move of the name for a 1% move in TLT. Past sensitivity, not a forecast. An investment diary, not a recommendation.

Who it is priced against Bitcoin miners turned AI landlords · 5 names with week and year-to-date

Peer group

Bitcoin miners turned AI landlords

IREN earns from both mining and its own GPU cloud; Applied Digital hosts miners and leases AI data centres; Hut 8 mines through its majority stake in American Bitcoin while it builds contracted AI campuses — the market prices the three, with Core Scientific, Cipher and TeraWulf, as one trade.

Compared against APLD on the nightly bakes; the Peers tab ranks the cohort on the Closelooknet scores where it exists.

Company snapshot — Applied Digital Corporation

APLD in five paragraphs: what it makes and sells, where it sits in the Closelooknet stack, who it is priced against, why we track it, what we watch. Research diary, not advice.

What it does
Applied Digital designs, builds and operates data-centre infrastructure for high-performance computing and artificial-intelligence customers across North America. It runs two segments: one hosts energised space for crypto-mining tenants, the other hosts GPU capacity for AI and machine-learning developers. The company owns and manages these facilities itself rather than only leasing space to others. It was called Applied Blockchain until it took its current name in November 2022, and is based in Dallas, Texas.
Where it sits in the stack
Applied Digital carries no seat in our index, so it sits in the Neoclouds and GPU renters sleeve of our universe — firms priced on how much computing capacity they can stand up rather than on any chip they design.
Who it is priced against
Closelooknet's peer group for Applied Digital groups it with neoclouds and GPU renters — CoreWeave, Nebius, IREN, Oracle and Digital Realty — names priced on hosted compute rather than chip design. The market also measures it against Microsoft's cloud arm when hyperscale competition for GPU capacity comes up.
Why Closelooknet tracks it
Applied Digital carries no Closelooknet score and holds no seat in our index, so the diary tracks it through pattern and portfolio essays rather than daily quotes. It appears four times, including in the sixteen-event timeline on NVIDIA strategic-authority investments and in the barbell-portfolio pieces, both of which note its 2024 entry on an NVIDIA equity placement and hosting partnership, and its exit after three consecutive 13F appearances.
What the diary watches
The diary watches whether Applied Digital reappears in institutional filings or draws another NVIDIA-linked mention, since its earlier appearance faded within a few quarters.

Applied Digital Corporation (APLD) trades on US exchanges.

Written from the company’s public profile and Closelooknet’s own readings, 2026-09-17. Descriptive, refreshed with the registry; corrections welcome via the imprint. closelook.net is an investment research diary — market structure, index membership and scores are our own readings, not investment advice. Related: index compare · sector dispersion · scanner.

The Street on this name 2 analyst actions on the wire · latest: price target by Roth Capital, 2026-10-21 · last print 2026-10-07

The Street on this name

Analyst actions and the latest print for APLD from the Closelooknet wires — third-party opinions on the record, not our readings.

  • Price target Roth Capital — target 35 Target set to $35 (+81.1% to spot) 2026-10-21
  • Initiation UBS — at Buy Initiated to Buy from Market Outperform 2026-09-23
  • Latest print EPS -0.01 against -0.30 expected — a +96.6% beat 2026-10-07

2 actions on the analyst wire since 2026-08-13: 1 initiation, 1 target change. Analyst wire → · Earnings wire →

FAQ · from the current data · as of 2026-10-31

Quick answers

What is Applied Digital Corporation (APLD)?

Applied Digital Corporation trades as APLD on the US exchange (US) in the Closelooknet research universe, as of the registry build of 2026-10-31.

Is APLD in a Closelooknet index?

Not currently — Applied Digital Corporation is tracked in the Closelooknet research universe but is not a constituent of a Closelooknet functional index as of 2026-10-31.

Where does APLD trade against its moving averages?

Applied Digital Corporation trades 25.9% below its 50-day and 43.1% below its 200-day moving average (14.7% below its 20-day). As of 2026-10-30 — a technical state from the nightly Closelooknet bake, not advice. The Technical tab carries the full row.

How does Applied Digital Corporation compare with its peers?

Against its peer group (Bitcoin miners turned AI landlords), Applied Digital Corporation (APLD) sits 64.9% below its 52-week high, 25.9% below its 50-day average; Hut 8 Corp. Common Stock (HUT) is 57.2% below, IREN Ltd (IREN) is 68.4% below, Core Scientific, Inc. Common Stock (CORZ) is 56.5% below, as of 2026-10-30. Put any of them next to APLD in the chart grid (2×1 or 2×2) and the page lays the companies side by side: performance, trend, valuation, margins and our money-flow reading.

How does Applied Digital Corporation trade when bond yields rise?

Over the past year Applied Digital Corporation had a beta of 1.24 to TLT, the long-dated Treasury fund — it shows only a loose link to bond moves, higher than 90% of US names. On the 10 sessions in which long bonds fell most it moved −3.30% on average, against −0.74% for the S&P 500. As of 2026-10-30; The "How it trades on rate days" block on this page carries the lines.

Where has Closelooknet written about Applied Digital Corporation?

Applied Digital Corporation appears in 6 Closelooknet pieces as of 2026-10-31, most recently Midday 10: AI Credit — Oracle invokes force majeure on a New Mexico data center; the 30-year hits 5.45% (2026-09-24); Weekly Signal: Bitcoin — New Life for the Coins and the Stocks (2026-09-20); Daily Pulse: Pattern 03 cohort — NVIDIA equity deployments as Rubin Build-Out leading indicator (2026-05-26). What Closelooknet said most recently: Private-credit lenders lower but calm: OBDC (-1.6%), Ares Capital (-0.91%), BXSL (-0.73%); the neoclouds mixed: Applied Digital (-2.53%), TeraWulf (-2.11%), Core Scientific (-1.57%), CoreWeave (-0.93%), Nebius $239.80 (+5.82%) (Midday 10, 2026-09-24). The "Mentioned on Closelooknet" block on this page lists the long reads, the reference entries and the dailies that name it.

What does Applied Digital Corporation do?

Applied Digital designs, builds and operates data-centre infrastructure for high-performance computing and artificial-intelligence customers across North America. It runs two segments: one hosts energised space for crypto-mining tenants, the other hosts GPU capacity for AI and machine-learning developers. The company owns and manages these facilities itself rather than only leasing space to others. Closelooknet's peer group for Applied Digital groups it with neoclouds and GPU renters — CoreWeave, Nebius, IREN, Oracle and Digital Realty — names priced on hosted compute rather than chip design. The market also measures it against Microsoft's cloud arm when hyperscale competition for GPU capacity comes up. (Company snapshot of 2026-09-17.)

Where does Applied Digital Corporation sit in the AI build-out?

Applied Digital carries no seat in our index, so it sits in the Neoclouds and GPU renters sleeve of our universe — firms priced on how much computing capacity they can stand up rather than on any chip they design. Applied Digital carries no Closelooknet score and holds no seat in our index, so the diary tracks it through pattern and portfolio essays rather than daily quotes. It appears four times, including in the sixteen-event timeline on NVIDIA strategic-authority investments and in the barbell-portfolio pieces, both of which note its 2024 entry on an NVIDIA equity placement and hosting partnership, and its exit after three consecutive 13F appearances. (Company snapshot of 2026-09-17.)

What has Wall Street done on Applied Digital Corporation recently?

The most recent analyst action on Applied Digital Corporation on the Closelooknet wire is a price target by Roth Capital on 2026-10-21 (target 35). 2 actions on the analyst wire since 2026-08-13: 1 initiation, 1 target change. Its latest earnings print on the wire, 2026-10-07: EPS -0.01 against -0.30 expected — a +96.6% beat. Analyst actions are third-party opinions recorded by the wire, not Closelooknet readings. The “The Street on this name” block on this page lists the moves; the full feeds are the analyst wire and the earnings wire.

What does this page show?

A live price chart with SMA overlays and drawing tools for APLD, performance metrics, index-membership context and the Closelooknet structure read — an investment research diary view, not investment advice.

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Related in the Closelooknet universe

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