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| Zhang Jason GechenPresident | Buy | 300,000 | $5.7M | Fri, Oct 16 |
| Cummins WesCEO; Chairman | Buy | 55,803 | $1.0M | Fri, Oct 16 |
| Nottenburg Richard NDirector | Sell | 31,250 | $682.5K | Tue, Oct 13 |
Key TakeawaysB. Riley cut its Applied Digital price target to $51 from $75 on Oct.
Applied Digital (APLD) has signed a definitive agreement with Soluna Holdings to build a 50 MW critical IT data center in Texas, targeting AI and high performance computing demand through a jointly owned project vehicle.
Applied Digital insiders don't care about negative sentiment and recently bought the dip.
For questions about this article or underlying research, email [email protected].
Applied Digital's top executives started buying shares after a steep selloff, and now the stock is surging back alongside Riot and Core Scientific.
A weekend response from TeraWulf‘s (NASDAQ:WULF) chief executive is lifting the former Bitcoin miners now racing to build AI data centers, with TeraWulf shares leading the charge.
Applied Digital just posted the strongest quarter in its history, yet the stock cratered more than 30% immediately after.
Key TakeawaysApplied Digital fell 31% in the past month as bets on a US rate hike hit debt-heavy AI data center builders, with Cipher Digital down 52% and CoreWeave down 24% over the same stretch.
Applied Digital’s Wes Cummins and Jason Zhang bought roughly $6.7 million in shares as the data-center stock slumped.
Dell's record $95B AI server backlog and lower valuation set it apart from Applied Digital, whose $36B contracted pipeline comes with mounting financial risks.
Applied Digital (NasdaqGS:APLD) agreed a joint venture with Soluna to develop a 50 MW wind-powered AI and HPC data center in Texas.