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Applied Digital Corporation

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Applied Digital Pulls Back After September AI SurgeApplied Digital rallied sharply last month. Now, after a pullback, some traders may look for potential continuation. The first pattern on today’s chart is the bullish gap on September 5 after Nvidia NASDAQ:NVDA participated in a $160 million funding round. That event boosted overall activity in the name, roughly tripling its average daily volume. TradeStation data also shows a big increase in options turnover. Those points suggest the provider of datacenter-equipment has attracted a new cohort of investors. Second is the July 8 close of $7.14, APLD tested and held that level this week. Has old resistance become new support? Prices also tested and held their rising 21-day exponential moving average. That may suggest an uptrend is in place. Next, the 50-day simple moving average (SMA) is above the 100-day SMA. Both are above the 200-day SMA. That relatively new condition, with faster SMAs above the slower, may suggest its longer-term trend is getting more positive. Finally traders may watch the January high of $8.65 for signs of a potential breakout. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:APLD
by TradeStation
9/10/24 - $apld - businesses make $. it's a short lolz9/10/11 :: VROCKSTAR :: NASDAQ:APLD businesses make $. it's a short lolz - losses for as long as the eye can see - gross margins are negative (lol need i say more) - speaking of need. needham think it's worth $11. if u rely on the wall street clowns for price targets, ngmi - so could it go to a million bucks a share? dude anything is possibly in this un reality show - but again, i'm looking for some hedges for my main exposures which are OTC:GDLC (~45%), NASDAQ:NXT (about 10%) and NASDAQ:CELH (about 10%). a few others i've been dabbling in lately, but more just feeling them out ( NASDAQ:META , NYSE:YETI , $blde... others i will write about if they trip the 2-3% size). in the meanwhile be safe out there and don't follow the klowns off the NYSE:PLTR ledge at 30x *sales*. also be weary of wall street selling you *anything* nevermind a loss making company with the hopes it doubles on fundamentals. trading stonk only. but anyway... i'll take the under. gl. V
NASDAQ:APLDShort
by VROCKSTAR
1
Applied Digital Surges 64% on $160 Million Funding DealIntroduction Applied Digital (NASDAQ: NASDAQ:APLD ), a prominent player in the data center and digital infrastructure space, has recently made headlines with a 65% surge in its stock price, following a major funding deal. The company secured $160 million from a group of investors, including tech giant Nvidia, positioning it as a significant force in the AI and High-Performance Computing (HPC) landscape. This article delves into the technical and fundamental aspects driving Applied Digital’s stock, exploring the implications of the financing deal and the company’s growth outlook. Strengthening Financial Position 1. Strategic Financing to Fuel Growth Applied Digital’s recent $160 million funding round is a significant vote of confidence from investors, including Nvidia, a leader in AI technology, and Related Companies, a major real estate firm specializing in complex infrastructure. This influx of capital strengthens Applied Digital’s financial position, enabling it to expand its data center operations and cloud solutions. The company aims to become a major player in the AI and HPC sectors by enhancing its capacity and infrastructure. 2. Record-Setting Developments Applied Digital’s focus on building advanced data centers tailored for AI workloads sets it apart from competitors. The company is developing one of the world’s largest data centers and plans to add an additional 300MW of data center capacity. Leveraging cutting-edge technologies such as closed-loop liquid cooling and stranded power sources, Applied Digital aims to deliver hyper-efficient platforms optimized for demanding AI and HPC workloads. 3. Strong Partnerships and Market Position The partnership with Nvidia, which extends beyond investment to technological collaboration, solidifies Applied Digital’s standing as a preferred cloud partner for AI projects. This relationship enhances the company's ability to attract hyperscale clients and secure a competitive edge in a market constrained by limited power and space. 4. Addressing Losses with Strategic Growth Despite a 52% drop in its stock price this year due to higher expenses related to new facilities and equipment, Applied Digital is now poised for recovery. The company’s investment in infrastructure is expected to generate significant revenue in the future, especially as demand for AI-driven solutions grows. 5. Private Placement and Financial Resilience Applied Digital ( NASDAQ:APLD ) issued approximately 49 million shares at $3.24 each in a private placement, aligning with its closing price on September 4. This pricing strategy indicates investor confidence in the company’s future potential. The raised capital will not only bolster Applied Digital’s balance sheet but also support its ongoing and future projects, allowing the company to maintain its rapid pace of growth. Stock Performance and Market Reactions 1. Breakout Rally Post-Funding News Applied Digital’s stock experienced a dramatic 65% spike, reaching its highest level in over a month. The surge reflects investor optimism following the funding announcement, which signals robust future growth prospects. This sharp increase also suggests a possible trend reversal, as the stock had been under pressure due to previous financial setbacks. 2. Support and Resistance Levels After the announcement, Applied Digital's stock broke through key resistance levels, with the next significant barrier around $6.50. The stock’s momentum could push it further, especially if it sustains above its previous support levels of around $3.24, which also aligns with the private placement price. A sustained rally above these levels may signal continued bullish sentiment and potential long-term upside. 3. Volume Surge and Bullish Indicators The recent price action was accompanied by a surge in trading volume, indicating strong investor interest. Key technical indicators such as the Relative Strength Index (RSI) and Moving Averages are showing bullish signals. The RSI is approaching overbought territory, suggesting strong buying momentum, while the stock’s price is trading above its 50-day and 100-day moving averages, indicating a positive trend. 4. Potential Pullback and Risk Factors While the stock's recent rally is promising, investors should be cautious of potential pullbacks, especially given the stock's prior volatility. The broader market conditions and any shifts in investor sentiment towards AI-related stocks could impact Applied Digital’s price movement. Additionally, the company’s execution of its growth strategy will be critical in maintaining its upward trajectory. Outlook: Positioning for AI-Driven Future Applied Digital’s strategic positioning in the AI and HPC sectors, backed by a robust financial deal, has set the stage for transformative growth. The company’s partnership with Nvidia and other key investors provides not just capital but also strategic advantages that align with the surging demand for AI infrastructure. With a clear roadmap to expand its data center capacity and enhance its technological capabilities, Applied Digital is well-positioned to capitalize on the AI boom. Investors should keep a close watch on Applied Digital’s execution of its ambitious projects and its ability to turn its infrastructure investments into revenue. The recent funding deal and subsequent market reaction are clear indicators that the company is on a promising path, poised to redefine the digital infrastructure landscape for AI and HPC applications.
NASDAQ:APLD
by DEXWireNews
Applied Digital CorporationApplied Digital Corporation witnessed a strong rebound after testing the uptrend line at 3.95, to violate the last peak at 5.00$, and the confirmation of that breakout by closing above this level for 2 trading sessions, will confirm shifting the trend to uptrend, which will trigger further rises near 5.58 - 6.36 - 6.80 - 7.44. The stop-loss lies below 4.65. the indicators are heading toward the positive side, which confirms the mentioned positive scenario. The information and publications are not intended to be or constitute any financial, investment, commercial, or other types of advice or recommendations provided.
NASDAQ:APLDLong
by Gehad_Abouelela
1
$APLD Ready for Growth?In looking at NASDAQ:APLD the time frame continuity is really strong with a bullish sentiment. Analysts have this stock rated at $11. It has a RSI of 59.69 which is not over bought yet. The MACD is showing a slowing in sellers and a potential for the buyers to come in. The volume is picking up as well with 13 million. The stop loss is in red and the targets for the bullish is in green. Let's watch and see. All of this is for informational purposes only. Do your own due diligence.
NASDAQ:APLDLong
by GlennTrading
APLD - Blockchain and AI - Data Center Provider - Huge GrowthApplied Digital Corporation (APLD) is a U.S.-based company that designs, develops, and operates next-generation datacenters. These datacenters are built to provide digital infrastructure solutions primarily for the high-performance computing (HPC) and artificial intelligence (AI) sectors. APLD's business operations are divided into three segments: blockchain colocation services, HPC datacenter colocation services, and GPU cloud services under the Applied Digital Cloud brand. The company's mission is to create ultra-low-cost digital infrastructure that is environmentally sustainable. Their approach includes constructing datacenters close to power sources, often utilizing renewable energy, which aligns with their goal of promoting more sustainable energy projects. Disclaimer: This content is for informational purposes only and should not be considered financial advice. Recent Insider and Block Buys Investment Snapshot (As of May 17, 2024): Relative Volume: 1.32 Shares in Circulation: 86.5M Short Float: 20.59% Key Technical Levels: Potential Pullback: There might be a slight pullback to the $3.70 area, which could serve as an optimal entry point. Support and Uptrend Confirmation: Staying above $4.00 could confirm a potential further uptrend. Resistance Points: Monitor resistance at $4.50, $5.20, $5.50, and $6.00. Surpassing these levels could signal a positive trend, providing opportunities to take profits at these stages. Trading Strategy: Take Profit (TP): Aim for a target profit of $6.50 to fully capitalize on the anticipated price gap closure. Stop Loss (SL): Establish a stop loss below $3.40 or $3.90, depending on your entry point, to mitigate potential losses. Chart Analysis: Please refer to the attached chart for a detailed analysis of price trends and movements. Trading Advisory: Exercise caution and consider market conditions and your own risk tolerance when trading. Conduct comprehensive research or consult with a financial advisor before engaging in trading activities.
NASDAQ:APLDLong
by meitshels_smell_trades
APLD - Update - EarningsBullish Points: Applied Digital's fiscal third quarter 2024 financials show promising developments with a significant revenue increase to $43.3 million, marking a 208% rise from the previous year. This growth is fueled by expanded data center capacities and new revenue from cloud services. Strategically, the company has secured an exclusive agreement and executed a Letter of Intent for a substantial 400 MW capacity lease with a U.S.-based hyperscaler, indicating strong future revenue potential. Additionally, the company has significantly strengthened its balance sheet through $160 million in asset sales and financing transactions, improving financial stability. Operational enhancements are also underway, with the Ellendale facility expected to reach 65%-75% capacity by the end of May 2024, following setbacks. Bearish Points: Despite the revenue increase, Applied Digital reported a substantial expansion in its net loss to $62.8 million for the quarter, up from $7.3 million in the same period last year, reflecting higher operational costs and significant expenses from facilities not yet generating revenue. The cost of revenues and administrative expenses surged due to increased energy costs and growth-related expenses such as higher depreciation, amortization, and personnel costs. The company also faced operational challenges, including power outages at its data centers, notably affecting the Ellendale facility, which impacted both operations and revenue generation. Adjusted EBITDA also moved into negative territory, posting a loss of $2.3 million compared to a gain in the previous year. Summary of Financial Improvements from Previous Reports: Comparing this quarter's results to previous reports, Applied Digital has seen a robust increase in revenues due to higher data center capacity and the launch of cloud services. However, this revenue growth has been accompanied by a rise in expenses and a deeper net loss, driven by scaling operations and ramp-up costs at new facilities. The company's balance sheet has been fortified with additional cash through asset transactions, helping to manage increased debt levels and support ongoing expansion efforts. Regarding the market's reaction, I'll be keen to see how it responds tomorrow. I don't see much that's going to allow this to be valued much higher.. I am currently accumulating the stock and would welcome any dips in price as opportunities to purchase more shares at a discount. I still want to see that 1.90 area to load up bags.
NASDAQ:APLDLong
by SPYDERMARKET
APLD UPDATE - Accumulating. It appears we're poised to enter a new liquidity zone once we surpass the $2.60 mark. I plan to buy shares at the lower boundary of $1.89, and will keep adding to my position if prices drop further. Despite the less-than-ideal financials at present, the future looks promising once the company activates its data centers and commercializes its GPUs. The potential for expansion into various sectors that leverage AI, such as biotechnology, engineering, civil engineering, and manufacturing, ETC is vast. These are the types of investments you hope to discover early on. Despite being speculative, it's crucial to appreciate the company's strategic direction. The Marathon Plant's return to full operational capacity may take a while, but I view this as an opportunity for growth, working out the kinks for future projects.
NASDAQ:APLDLong
by SPYDERMARKET
APLD - Next Generation Data Center - longImageApplied Digital Corp designs, develops and operates next-generation datacenters across North America to provide digital infrastructure solutions to the rapidly growing high performance computing industry. This is not a financial advice! This is more of a long-term play due to rapidly growing AI and digitalisation more and more data centers will be needed We need to stay in a bullish overal sentiment of the market. If we see a corretion, this play might doesn't work. Keep an eye on 6.4 and 7.4 (gap between) levels, needs to get broken for a further upmove. You can take partial profits at these levels if u want to lock in gains. SL under 4.0 TP approx. 8.5 or 11.0 Most info on the chart. Trade carefully!
NASDAQ:APLDLong
by meitshels_smell_trades
3
APLD - LONG TERM ACCUMULATIONI realize these guys financials are trash, But I really like the business model, This is a long term hold for me as I believe Data is the next gold rush. Not worried about the lawsuits, those guys throw them around left and right, the accusations don't seem too worrisome. My key buy areas are the LVNs, $2.90-$3.00 Area, here.... Depending on earnings ill make my decision to buy. If we drop below, we can see $1.90 area LVN, Id LOVE to pick a bag up there. Continuing to watch developments.
NASDAQ:APLDLong
by SPYDERMARKET
1
APLD - LONG APLD operates in the high-demand sectors of AI cloud services and next-generation data centers, benefiting from key trends in artificial intelligence and digital infrastructure. The company's strategy involves renting out data center space crucial for AI development, rather than creating AI algorithms itself. This approach has led to significant revenue growth, with a 242% increase last year and an expected 341% this year. APLD is positioned for substantial growth, leveraging the AI and Bitcoin industries, and is currently viewed as undervalued by the market. With all the talk about the Bitcoin Halving, this seems like a great opportunity. The stock is at a crucial support level, indicating a potential investment opportunity. We could really trade down to 3,.90 area LVN, but ill take my chances here, Average down if we see lower. we Break below 3.80 LVN, we could trade all the way down to 2.82 area, lets home not.
NASDAQ:APLDLong
by SPYDERMARKET
5
APLD Analysis: Potential Breakout AheadIntroduction: Greetings traders! Today, I would like to share an analysis of Applied Digital (APLD), highlighting a potential breakout scenario. APLD is currently trading at $9.80, facing resistance on the daily chart between $10.50 and $11. Join me as we examine this horizontal channel and explore the possibility of a breakout, keeping in mind the need for a cautious approach. Our next daily resistance level stands at approximately $15. Chart Analysis: Upon examining the APLD chart, we can identify a well-defined horizontal channel that has formed between $10.50 and $11. This range has served as a strong barrier to further upside movement, causing multiple rejections in recent trading sessions. It is crucial to approach this potential breakout scenario with caution and consider additional factors before drawing conclusions. Technical Indicators: While the horizontal channel suggests the possibility of a breakout, we must analyze various technical indicators to gain a comprehensive perspective on APLD's potential trajectory. Currently, the Relative Strength Index (RSI) hovers around 55, indicating a relatively balanced state between buying and selling pressures. It implies that there might be room for upside momentum if buyers enter the market. Additionally, it is essential to consider volume analysis. In recent consolidation phases within the resistance zone, there has been a notable increase in buying volume. This surge in volume could indicate growing interest and potential accumulation, supporting the likelihood of a breakout. Breakout Scenario and Caution: Considering the factors mentioned above, we need to exercise caution despite the potential breakout scenario. While the indicators suggest bullish possibilities, it is crucial to wait for confirmation before assuming the breakout will occur. Traders should closely monitor price action and volume trends, seeking decisive moves above the resistance zone to validate the breakout. Conclusion: In conclusion, Applied Digital (APLD) shows potential for a breakout beyond the resistance zone between $10.50 and $11. However, it is crucial to approach this scenario with caution and wait for confirmation. Keep a close eye on price action, volume trends, and any significant catalysts that may impact APLD's price movement. Remember, trading decisions should be based on careful analysis and risk management. News: 7/1: Applied Digital Stock Surges 12% After Announcing Its Third AI Deal: www.coindesk.com 6/30: Applied Digital Announces Strategic Collaboration with Hewlett Packard Enterprise to Deliver AI Cloud Services: finance.yahoo.com
NASDAQ:APLDLong
by maybethatguy
APLD Bull move in the coming weeks for 10%+Most recent news - finance.yahoo.com APLD is one that seems to follow BTC. However I do see that it has its own technical moves that is worth paying attention to. I have marked levels of support on my chart there with interest in taking a position at the break of $2.50. The late trading day and AH movement today looked promising so I will be keeping an eye on this over the next coming days. I will size my position depending on how bullish I feel in the coming days. A break above $3 would be an absolute beautiful ting to see happen. (Not financial Advice)
NASDAQ:APLD
by azheng2649
Applied Blockchain - What is going on? Up 100% in a day!Yesterday, one particular company caught our attention. As of yet, we do think anything particular of it; however, a staggering move of more than 100% within a matter of hours is definitely mind-blowing and exciting to watch. Moreover, a massive explosion in volume accompanied the price action, which elevated the stock to a July high. As a result, we will monitor the title in the short-term future. Illustration 1.01 Within 24 hours, the stock doubled in price. Illustration 1.02 Within the past six days, the stock is up more than 150%. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NASDAQ:APLD
by Tradersweekly
19