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Applied Digital Projects $45M Q1 Revenue Amid AI Shift

10/10/2025

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Summary

Story summary

Applied Digital (NASDAQ: APLD) expects Q1 revenue of $45.46 million and GAAP EPS loss of -$0.16.
Year-to-date, APLD shares have surged 278%, reflecting strong demand for cloud and AI infrastructure.
The company projects revenue to fall 25% YoY as it pivots from legacy Cloud Services to AI hosting, despite $270 million funding and a CoreWeave lease.

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Story summary

Applied Digital (NASDAQ: APLD) expects Q1 revenue of $45.46 million and GAAP EPS loss of -$0.16.
Year-to-date, APLD shares have surged 278%, reflecting strong demand for cloud and AI infrastructure.
The company projects revenue to fall 25% YoY as it pivots from legacy Cloud Services to AI hosting, despite $270 million funding and a CoreWeave lease.