Applied Digital: A Winner In The AI CapEx Boom

The Asian Investor31.84K FollowersFollow5ShareSavePlay(10min)CommentsSummaryApplied Digital delivered a strong Q3'26, beating top and bottom line estimates amid rapid Data Center expansion.APLD's 139% Y/Y revenue growth is driven by hyperscaler AI infrastructure demand, but operating losses and debt have surged due to aggressive CapEx.With 700 MWs of IT load under construction, APLD is positioned to benefit from secular Data Center CapEx growth, despite its high 12.1X forward P/S.While APLD trades at a premium to peers, its smaller scale and ramping capacity offer significant long-term growth potential as Polaris Forge and Delta AI factory campuses come online. imaginima/iStock via Getty Images Applied Digital Corporation (APLD) beat estimates for its third fiscal quarter on April 8, 2026, on both the top and the bottom line as the company published strong traction regarding its Data Center ramp. The AI infrastructureThis article was written byThe Asian Investor31.84K FollowersFollowI am interested in a lot of technology and AI stocks like Google, Nvidia, AMD, Tesla and Amazon.Analyst’s Disclosure: I/we have a beneficial long position in the shares of APLD, CRWV, NBIS, NVDA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.