What AI bubble is APLD in?

Applied Digital Corporation (APLD) is mapped to the DRAM / HBM Memory bubble on QuantAbundancia. Classifier 2026-05-07: extended tier, corr 0.46 to memory centroid (29 obs, 2nd: datacenter-power 0.421). is_primary_bubble=FALSE.

What is APLD's last close price?

APLD last closed at $44.94 on 2026-05-13.

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APLD

NASDAQAnalystsStrong Buy·10+17%

Applied Digital Corporation

$44.94last close

+701.1%~252d

Price

+701.07% over 1Y

Thesis

as of 2026-05-02

Purpose-built AI data center campuses under long-term hyperscaler leases.

•Polaris Forge 1 (North Dakota): 400 MW critical IT load
•Fully contracted to CoreWeave under ~15-year leases (~$11B expected revenue)
•First 100 MW delivered Q4 2025; remaining 300 MW targeted through 2027

backlog$11.0B

power400 MW

customersCRWV

Bubbles· capital-flow co-movement

DRAM / HBM Memoryw 0.45

Themes· editorial groupings

Compute Capacity

Conviction· in 1 watchlist

#6AI Infrastructure Stack· 5 · Cloud Platforms

Top correlated· 252d co-movement

IRENIREN Limited
0.82

Frequently asked questions

What AI bubble is APLD in?: Applied Digital Corporation (APLD) is mapped to the DRAM / HBM Memory bubble on QuantAbundancia. Classifier 2026-05-07: extended tier, corr 0.46 to memory centroid (29 obs, 2nd: datacenter-power 0.421). is_primary_bubble=FALSE.
What is APLD's last close price?: APLD last closed at $44.94 on 2026-05-13.

Recent news· high-signal only

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