Professional
Added to YB: 2025-09-22
Pitch date: 2025-09-19
APLD [neutral]
Applied Digital Corporation
+50.45%
current return
Author Info
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Company Info
Applied Digital Corporation designs, develops, and operates digital infrastructure solutions to high-performance computing (HPC) and artificial intelligence industries in North America.
Market Cap
$7.8B
Pitch Price
$20.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
-828.82
P/E
-60.31
EV/Sales
30.86
Sector
IT Services
Category
growth
Pernas Research Closed Position: Applied Digital Corporation
APLD exit: Up ~300% since Sept 2024 initiation, ~450% from April add. Thesis played out - long-term power contracts valuable for AI demand. CoreWeave contracted 2GW+ including 400MW at Ellendale campus. Exiting as risk/reward less favorable at current levels despite AI infra tailwinds.