Global X Data Center & Dgtl Infrs ETF(DTCR.US)

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Key facts: Applied Digital revenue soars to $126.6M; shares up 12.9%; price target raised to $53

Applied Digital Corp. reported $126.6 million in revenue for the three and six months ending November 30, 2025, up from $36.2 million during the same period last year.1Applied Digital (APLD) shares rose 12.9% after Q2 results showed revenue nearly doubled to $126.6 million, boosted by high-performance computing and $85 million from a key AI client.2B. Riley Securities has raised the price target for Applied Digital (APLD) to $53.00 per share, an increase from the previous target of $47.00, while maintaining a 'Buy' rating.3

TradingView·
US
APLD
+6.19%
TradingView·
US
APLD
+6.19%

What's Going On With Applied Digital Stock Friday?

Applied Digital Corporation (NASDAQ:APLD) shares surged 13.99% to $26.41 following a strong second quarter earnings report, which showed adjusted earnings per share of 0 cents, surpassing expectations of a 10 cent loss, and revenue of $126.58 million, exceeding the $89.75 million estimate. The company achieved significant year-over-year revenue growth of 250%, driven by its HPC Hosting Business. Analysts have responded positively, with Roth Capital and B. Riley Securities raising their price targets for the stock. Applied also strengthened its liquidity with a $2.35 billion financing and reported $2.3 billion in cash at quarter end.

benzinga_article·
US
APLD
+6.19%
benzinga_article·
US
APLD
+6.19%

Applied Digital Posts Strong Q2 As Talks With New Hyperscaler Tenant Advance

Applied Digital Corp (NASDAQ:APLD) reported strong Q2 results, exceeding expectations with revenues of $126.6 million and adjusted EBITDA of $20 million. The company is in advanced talks with a new hyperscaler tenant for a potential lease across three sites totaling 900MW, expected to finalize in early 2026. Additionally, Applied Digital plans to spin out its cloud compute segment in a merger with Ekso Bionics Holdings Inc (NASDAQ:EKS), aiming for $60 million in revenues. Shares rose 8.05% to $31.94.

benzinga_article·
US
APLD
+6.19%
benzinga_article·
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APLD
+6.19%

Applied Digital Awards CEO Wes Cummins 6 Million Equity Units in Five-Year Compensation Plan

Applied Digital Corporation has approved a compensation package for CEO Wes Cummins, granting him 6 million equity units, including 4.5 million performance stock units and 1.5 million restricted stock units. This five-year plan replaces future equity grants and is contingent on significant value creation for shareholders. The decision follows a year of 214% stock price increase and major milestones in data center leasing and revenue growth.

Reuters·
US
APLD
+6.19%
Reuters·
US
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+6.19%

CoreWeave Rival Applied Digital Sees Momentum Surge On 250% Revenue Growth And Cloud Business Spin Off

Applied Digital Corp. (NASDAQ:APLD) has experienced a significant momentum surge, with a 250% revenue growth in Q2 and plans to spin off its cloud computing business, ChronoScale. The company's momentum score reached the 99th percentile, indicating strong stock performance. APLD's shares have increased by over 220% in the past six months. The spin-off, expected to close in 2026, aims to unlock shareholder value by separating its data center business from its high-growth cloud services. The company also reported innovative strategies to overcome power bottlenecks, enhancing its operational execution.

benzinga_article·
US
APLD
+6.19%
benzinga_article·
US
APLD
+6.19%
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