APLD - Applied Digital Corporation

Doesn't like it; fell 55% (stage four); below 200-day all summer; no signs of accumulation; stocks in demand don't fall 50%.

Applied Digital is listed as a top performing ZipTrader 25 AI data center idea, up 34% since July 29.

$11 billion of its $16 billion backlog is dependent on CoreWeave, making its entire business reliant on a single tenant that is itself in financial distress.

Builds AI factories and leases them to hyperscalers on 15-year take-or-pay contracts. With $36B in contracted revenue vs. an $8.5B market cap and ~$30B lifetime net operating income, it appears undervalued. The presenter believes the company is executing well and is at a great price.

Another Bitcoin miner turned data center name in the fund's portfolio, part of the AI infrastructure trend the host likes.

Momentum play to the downside. If APLD breaks below $38.28 (yesterday's low), look for continued selling.

APLD is referenced as a past success story, not a current recommendation. ZipTrader recommended it at $4.53 in April 2025 and it reached $47.18, a 10x+ gain. It's used as an example of buying before consensus forms.

Closed up over 20%. If it can break out above $48.60, watch it to the upside.

Host recommended at $4.53 during tariff selloff; stock has 10x'd to ~$45. Successfully pivoted from Bitcoin mining to AI data center hosting with massive hyperscaler lease deals. Data centers are scarce assets with pricing power.

Part of ZipTrader 25 aggressive growth/speculative picks, up 68.71% in one month.