Applied Digital is trading at $27.48 (4.2% up) following its Q4 2026 earnings report highlighting massive revenue growth and significant new hyperscaler contracts.
- Revenue soared 407% year-over-year to $258.7 million, driven by rapid expansion in High-Performance Computing (HPC) hosting and a pivot to a new franchise model.
- The company secured approximately $20 billion in new long-term hyperscaler leases, which has overshadowed a wider GAAP net loss resulting from stock-based compensation.
- The stock is rebounding independently of the broader crypto market, suggesting investor confidence is being driven by company-specific AI infrastructure momentum rather than digital asset prices.