Applied Digital Corp

APLD is in a Stage 2 advancing corrective reset within a broader uptrend, confirmed by higher-highs and higher-lows and a rising 50 DMA. A late-June support failure and 9/21 EMA regime flip have driven a pullback, creating short-term resistance. Medium-term bias remains bullish, but execution readiness is unfavorable. We'll wait for a pullback into the rising 50 DMA support zone for buyable pullbacks.

• ↑Revenue jumped 139% YoY to $126.6M in Q3’26 driven by HPC hosting demand.
• ↑Signed 15-year, ~$7B CoreWeave lease, bolstering a $1B annual NOI target.
• ↓86% of revenue tied to two customers risks contract renewals.