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

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Company snapshot — Applied Digital Corporation

APLD in five paragraphs: what it makes and sells, where it sits in the Closelook 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
Closelook'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 Closelook tracks it
Applied Digital carries no Closelook 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 Closelook’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.

Signals for this name

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

The Street on this name 1 analyst action on the wire · latest: price target by Wells Fargo, 2026-09-17

The Street on this name

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

  • Price target Wells Fargo — target 50 Target set to $50 (+105% to spot) 2026-09-17

1 action on the analyst wire since 2026-08-13: 1 target change. Analyst wire → · Earnings wire →

Who it is priced against Neoclouds and GPU renters · 5 names with week and year-to-date

Peer group

Neoclouds and GPU renters

Curated competitor set — who the market prices this name against, not just who shares its sector.

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

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 55/100 · S&P 500 fund at 58, above its 50- and 200-day averagesEight instruments scored on position, momentum, volume, volatility and fragility — the regime every name trades inside. Temperature lab → 2026-09-17
  • Factor regime Momentum leading — risk appetite buildingMomentum against low volatility (SPMO / SPLV): above its 50-day trend, 94th percentile of the window, +2.7% over 20 sessions. Factor regime → 2026-09-17
  • Sovereign pressure Index 0.00 · down 0.41 over 21 sessionsG7 long-end yields, 10s30s and the slope — the funding weather for every balance sheet on this site. Sovereign pressure → 2026-09-17

FAQ · from the current data · as of 2026-09-18

Quick answers

What is Applied Digital Corporation (APLD)?

Applied Digital Corporation trades as APLD on the US exchange (US) in the Closelook research universe, as of the registry build of 2026-09-18.

Is APLD in a Closelook index?

Not currently — Applied Digital Corporation is tracked in the Closelook research universe but is not a constituent of a Closelook functional index as of 2026-09-18.

Where does APLD trade against its moving averages?

Downtrend stack: Trades -5.2% vs the 50-day and -18.3% vs the 200-day average, 48% below the 52-week high and +39.7% off the 52-week low; a death cross printed 16 sessions ago. Computed from daily closes. As of 2026-09-17 — a technical state from the nightly Closelook bake, not advice. The Technical tab carries the full row.

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. Closelook'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.

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 Closelook 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 has Wall Street done on Applied Digital Corporation recently?

The most recent analyst action on Applied Digital Corporation on the Closelook wire is a price target by Wells Fargo on 2026-09-17 (target 50). 1 action on the analyst wire since 2026-08-13: 1 target change. Analyst actions are third-party opinions recorded by the wire, not Closelook 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.

Where has Closelook written about Applied Digital Corporation?

Applied Digital Corporation appears in 4 Closelook pieces, most recently Daily Pulse: Pattern 03 cohort — NVIDIA equity deployments as Rubin Build-Out leading indicator (2026-05-26); Strategy: Barbell Portfolio — Sizing and Rebalancing the Two Legs (2026-05-23); Heresy: Portfolio Construction — Build a Barbell · Closelook Heresy III (2026-05-16). What Closelook said most recently: Live cohort · 10 names Current portfolio after applying the 16-event timeline through 2026-05-26: COHR · CRWV · GLW · INTC · IREN · LITE · MRVL · NBIS · NOK · SNPS Hypothetical portfolio · $100k per signal Assumes a diary follower would… (Daily Pulse, 2026-05-26). The "Mentioned on Closelook" block on this page lists the long reads, the reference entries and the dailies that name it.

What does this page show?

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

Mentioned on Closelook 4 pieces · newest: Daily Pulse, “Pattern 03 cohort — NVIDIA equity deployments as Rubin Build-Out leading indicator” (2026-05-26)

Mentioned on Closelook

Where APLD appears in the diary — 4 pieces, newest first. Every link is our own writing.

Long reads

Dailies

Related in the Closelook universe