Applied Digital Corporation - Common Stock (APLD)

Applied Digital's stock soared as CoreWeave significantly expanded its computing lease amid booming demand from AI giants.

Applied Digital stock surged over 30% Thursday after delivering a better-than-expected Q4 and expanding its AI infrastructure lease with CoreWeave.

Applied Digital’s Q4 revenue jumped 41% year-on-year to $38 million, beating the analysts’ consensus estimate of $37.12 million, as per Fiscal AI data.

Shares of digital infrastructure provider Applied Digital (NASDAQ:APLD) jumped 36% in the afternoon session after it posted fourth-quarter earnings that surpassed analyst estimates and announced a massive long-term leasing agreement with AI infrastructure company CoreWeave. The company reported an adjusted loss of $0.03 per share, which easily surpassed analyst estimates for a loss of around $0.15 per share. The key driver for the rally, however, was a transformative 15-year, 400-megawatt leasing deal with AI infrastructure firm CoreWeave. This massive agreement secured approximately $11 billion in future contracted revenue, signaling a stable and significant income stream for years to come. In response to the strong results and the landmark deal, Wall Street analysts reacted positively, with firms like Needham and HC Wainwright & Co. raising their price targets on the stock.

Get a pulse on the US markets on Thursday by checking out the most active stocks in today's session. Discover the stocks that are leading the way in terms of trading volume and market activity.

Meta Platforms shares surged more than 12% in Thursday’s midday trade after the company’s second-quarter earnings blew past Wall Street expectations.

The rapid buildout of AI data centers is positive for infrastructure firms Vertiv and Applied Digital. Shares of both firms rose Thursday.

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There are notable gap-ups and gap-downs in today's session. Let's take a look at which stocks are gapping on Thursday.

Applied Digital reported fourth-quarter revenue of $38.01 million, missing analyst estimates of $40.84 million, according to Benzinga Pro. The company reported an adjusted loss of 3 cents per share, beating estimates for a loss of 15 cents per share.

Before the US market kicks off on Thursday, let's examine the pre-market session and unveil the notable performers among the top gainers and losers.

Digital infrastructure provider Applied Digital (NASDAQ:APLD) met Wall Street’s revenue expectations in Q2 CY2025, but sales fell by 13% year on year to $38.01 million. Its non-GAAP loss of $0.03 per share was 81.5% above analysts’ consensus estimates.

Applied Digital (NASDAQ:APLD) shares are trading higher after the company reported fourth-quarter financial results Wednesday after market close.

AI is growing rapidly -- and these two companies are ready to capitalize.

Digital infrastructure provider Applied Digital (NASDAQ:APLD) will be announcing earnings results this Wednesday after market hours. Here’s what to expect.