Synopsys vs Applied Digital: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Synopsys Inc (SNPS)

Q3 202615 Jul – 2 Oct 2026

▲3▼1

Synopsys advances AI design but faces open-source threat

Agentic AI workflows with Nvidia, Microsoft, AMD Synopsys unveiled agentic AI workflows with Nvidia, Microsoft, and AMD that deliver up to 50x speedups, strengthening its AI-driven chip design leadership and making its tools more valuable to customers.
This is a major new product development that boosts Synopsys's competitive position and future revenue potential.
Record Q3 revenue, raised guidance, $1B buyback Synopsys reported record Q3 revenue of $2.48B, up 42%, raised its guidance, and announced a $1B buyback, signaling strong financial performance and confidence in future growth.
These are key financial results and capital allocation moves that directly affect investor sentiment and stock price.
Elliott activist stake and strategic deals Elliott took a multibillion-dollar activist stake, and Synopsys signed deals with AWS, TSMC, and OpenAI, which could drive operational improvements and expand its ecosystem partnerships.
Activist involvement often leads to changes that unlock value, and partnerships with major tech firms support long-term growth.
Open-source AI chip design threat Moonshot AI's Kimi K3 autonomously designed a chip using open-source tools, briefly sending SNPS down ~9% on fears AI could erode its EDA moat, highlighting a potential long-term competitive risk.
This event directly caused a sharp stock drop and raises concerns about Synopsys's competitive advantage.

September 202626 Aug – 2 Oct 2026

▲3

Synopsys hits record Q3, lands activist stake and major AI deals

Record Q3 revenue and raised guidance Synopsys reported record Q3 revenue of $2.48B, up 42% from a year ago, and raised its full-year guidance. It also added $600M to its free cash flow guidance, signaling strong business momentum.
This is the core financial result that drove the stock in September.
Elliott takes activist stake Elliott Management took a multibillion-dollar activist stake in Synopsys, betting the company can close its valuation gap with rival Cadence. Activist involvement often pushes management to improve performance and can lift the stock.
This is a major new development that could unlock value and is a key driver for the period.
Expanded partnerships and new deals Synopsys expanded collaborations with TSMC and IonQ, signed a $1B+ custom silicon IP deal with AWS, and partnered with OpenAI on GPT-Synopsys. It also guided FY27 growth of ~15% to $11.15B and announced a $1B buyback.
These deals and guidance show growing demand and strategic positioning in AI, supporting future revenue.
Analyst upgrades but lingering risks HSBC and BNP Paribas upgraded Synopsys, but BNP only to Neutral, not Buy, implying limited upside. Elliott's activist stake signals unresolved underperformance, and ambitious FY27 targets could be hard to sustain if execution falters.
This provides the necessary counterweight, showing that not all signals are positive and risks remain.

Latest27 Sep – 2 Oct 2026

▲4

Synopsys Lands $1B+ AWS Deal, Sets 15% Growth Target, $1B Buyback

AWS $1B+ Custom Silicon IP Deal Synopsys signed a multi-year agreement worth over $1 billion with Amazon Web Services to license custom chip design blueprints, making AWS the lead customer for its application-optimized IP. This expands Synopsys beyond standard chip components into higher-value custom designs, boosting future revenue and supporting a higher stock price.
This is the largest new demand catalyst, directly increasing Synopsys's addressable market and revenue visibility.
Investor Day: 15% FY27 Growth, $1B Buyback At its 2026 Investor Day, Synopsys guided for fiscal 2027 revenue growth of about 15% to $11.15 billion, a 44% operating margin, and announced a ~$1 billion share buyback. These targets show management's confidence in sustained growth and plans to return cash to shareholders, which can lift the stock price.
This sets the medium-term financial framework and capital return policy, key drivers of valuation.
OpenAI Partnership on GPT-Synopsys Synopsys announced a partnership with OpenAI to develop GPT-Synopsys, a specialized AI model for chip design. This collaboration strengthens Synopsys's technology leadership in AI-driven design tools, potentially attracting more customers and supporting future revenue growth.
This is a new technology partnership that enhances Synopsys's competitive edge in AI for chip design.
BNP Paribas Upgrade to Neutral BNP Paribas upgraded Synopsys to Neutral from Underperform with a $420 price target, citing easing headwinds and limited downside risk. While not a strong buy, the upgrade removes a negative overhang and signals improving sentiment, which can support the stock price.
This is a new analyst action that reflects changing perceptions and can influence investor behavior.

26 Aug – 25 Sep 2026

▲4

Synopsys Beats, Raises Guidance; Elliott Pushes for Value; AI Deals Expand

Record Q3 Results and Raised Full-Year Guidance Synopsys reported record Q3 revenue of $2.48 billion, up 42% year over year, and raised full-year revenue and EPS guidance. Free cash flow guidance jumped by $600 million. This shows the business is growing faster than expected, which supports a higher stock price.
This is the core fundamental driver of the period, showing strong financial performance and improved outlook.
Elliott's Multibillion-Dollar Activist Stake Elliott Investment Management took a multibillion-dollar activist position, betting Synopsys' valuation discount to Cadence will close. Activist investors often push for changes that unlock value, which can lift the stock price as the market anticipates improvements.
This is a major new event that could drive a re-rating of the stock and is a key reason for investor attention.
Expanded TSMC Partnership and Quantum Breakthrough Synopsys announced expanded collaborations with TSMC on advanced chip designs and a quantum computing breakthrough with IonQ. These partnerships strengthen Synopsys' technology leadership and open new markets, supporting future revenue growth and a higher stock price.
These are new technology and partnership developments that enhance Synopsys' competitive position and long-term growth prospects.
HSBC Upgrade and Analyst Optimism HSBC upgraded Synopsys to buy, calling it a high-growth AI beneficiary. Other analysts have price targets well above the current price. Upgrades and positive analyst coverage can attract more investors, pushing the stock price up.
This reflects changing analyst sentiment, which can influence investor behavior and stock price.

August 20263 Aug – 20 Aug 2026

▲4

Synopsys's AI design tools win new partners, but stock still lags

Nvidia's Vera CPU speeds up Synopsys tools Nvidia said its new Vera CPU makes Synopsys's chip-design software run up to 1.5 times faster in early tests. Faster tools make Synopsys's products more valuable and could win more customers, supporting the stock.
New event showing Synopsys's tools benefit from Nvidia's hardware, a fresh demand signal.
Agentic AI tools launched with Microsoft and AMD Synopsys launched autonomous AI workflows for chip design with Microsoft, and AMD is already testing them. Early results show 25-40% faster debugging. This shows Synopsys is leading in AI-driven design, which should boost future sales.
New product launch and customer validation, directly relevant to Synopsys's growth story.
Synopsys certifies tools for Intel's 14A node Synopsys certified its AI design software for Intel's upcoming 14A manufacturing process, extending a partnership that already covers 18A. This deepens ties with Intel and should increase licensing demand for Synopsys's tools.
New certification expands Synopsys's addressable market with a major foundry.
Design IP business shows strong AI-driven momentum Synopsys's Design IP segment grew 12% sequentially to $454 million, driven by AI demand for high-speed connections and memory. Its PCIe 7.0 IP won over 90% of deals and secured 18 new licenses. This supports future revenue growth.
New segment-level data showing AI demand translating into actual revenue.

3 Aug – 20 Aug 2026

▲4

Synopsys's AI design tools win new partners, but stock still lags

Nvidia's Vera CPU speeds up Synopsys tools Nvidia said its new Vera CPU makes Synopsys's chip-design software run up to 1.5 times faster in early tests. Faster tools make Synopsys's products more valuable and could win more customers, supporting the stock.
New event showing Synopsys's tools benefit from Nvidia's hardware, a fresh demand signal.
Agentic AI tools launched with Microsoft and AMD Synopsys launched autonomous AI workflows for chip design with Microsoft, and AMD is already testing them. Early results show 25-40% faster debugging. This shows Synopsys is leading in AI-driven design, which should boost future sales.
New product launch and customer validation, directly relevant to Synopsys's growth story.
Synopsys certifies tools for Intel's 14A node Synopsys certified its AI design software for Intel's upcoming 14A manufacturing process, extending a partnership that already covers 18A. This deepens ties with Intel and should increase licensing demand for Synopsys's tools.
New certification expands Synopsys's addressable market with a major foundry.
Design IP business shows strong AI-driven momentum Synopsys's Design IP segment grew 12% sequentially to $454 million, driven by AI demand for high-speed connections and memory. Its PCIe 7.0 IP won over 90% of deals and secured 18 new licenses. This supports future revenue growth.
New segment-level data showing AI demand translating into actual revenue.

July 202615 Jul – 30 Jul 2026

▲3▼1

Synopsys expands AI design tools, but open-source chip design threat emerges

Open-source AI chip design threatens EDA moat Moonshot AI's Kimi K3 autonomously designed a functional chip using only open-source tools, bypassing Synopsys's proprietary software. This raised fears that AI could erode the need for paid EDA tools, sending SNPS down ~9% and drawing comparisons to the DeepSeek shock.
This is the biggest new risk to Synopsys's core business model and directly explains the stock's sharp drop.
Agentic AI and GPU-accelerated EDA momentum Synopsys unveiled autonomous chip verification and design workflows with Nvidia and Microsoft, claiming up to 50x speedups. These innovations make its tools faster and more valuable, supporting future sales and defending against open-source alternatives.
Shows Synopsys is actively integrating AI to strengthen its products, a key positive driver.
Intel foundry certification expands demand Synopsys tools are now certified for Intel's 14A and 18A P nodes, giving chip designers more options and likely increasing licensing demand. This deepens Synopsys's ties to Intel's foundry push for AI and HPC chips.
A concrete new win that broadens Synopsys's addressable market and supports revenue growth.
Raised guidance and robotics tailwinds Synopsys raised fiscal 2026 revenue guidance to $9.665 billion, citing broad AI and robotics demand. The growing physical AI and robotics market increases the need for complex chip design, benefiting Synopsys's tools.
Confirms strong underlying demand and management confidence, a positive fundamental signal.

15 Jul – 30 Jul 2026

▲3▼1

Synopsys expands AI design tools, but open-source chip design threat emerges

Open-source AI chip design threatens EDA moat Moonshot AI's Kimi K3 autonomously designed a functional chip using only open-source tools, bypassing Synopsys's proprietary software. This raised fears that AI could erode the need for paid EDA tools, sending SNPS down ~9% and drawing comparisons to the DeepSeek shock.
This is the biggest new risk to Synopsys's core business model and directly explains the stock's sharp drop.
Agentic AI and GPU-accelerated EDA momentum Synopsys unveiled autonomous chip verification and design workflows with Nvidia and Microsoft, claiming up to 50x speedups. These innovations make its tools faster and more valuable, supporting future sales and defending against open-source alternatives.
Shows Synopsys is actively integrating AI to strengthen its products, a key positive driver.
Intel foundry certification expands demand Synopsys tools are now certified for Intel's 14A and 18A P nodes, giving chip designers more options and likely increasing licensing demand. This deepens Synopsys's ties to Intel's foundry push for AI and HPC chips.
A concrete new win that broadens Synopsys's addressable market and supports revenue growth.
Raised guidance and robotics tailwinds Synopsys raised fiscal 2026 revenue guidance to $9.665 billion, citing broad AI and robotics demand. The growing physical AI and robotics market increases the need for complex chip design, benefiting Synopsys's tools.
Confirms strong underlying demand and management confidence, a positive fundamental signal.

Q2 202617 Jun – 7 Jul 2026

▲3

Synopsys Expands AI Chip Design, Analysts See Big Upside

New AI-powered multiphysics design tools Synopsys launched Multiphysics Fusion, combining AI design tools with Ansys simulation. It speeds up chip design and analysis for advanced AI chips, making Synopsys's products more valuable and likely boosting future sales and profits.
This is a new product launch that directly strengthens Synopsys's technology and market position.
Analyst upgrades on Intel foundry and Apple opportunities Piper Sandler upgraded Synopsys to Overweight, citing growing demand for its chip design tools from Intel's foundry customers like Apple and Google. More chip manufacturing by Intel means more licensing of Synopsys's intellectual property, driving revenue.
This is a new analyst upgrade that highlights a specific demand catalyst for Synopsys.
Strong Q2 results and raised guidance Synopsys beat earnings and revenue estimates, with revenue up 42% year-over-year, and raised full-year guidance. Despite the strong results, the stock has drifted lower, creating a disconnect that analysts see as a buying opportunity.
This is a new earnings report that confirms Synopsys's fundamental strength and supports the bullish case.
Discontinuing low-margin manufacturing software Synopsys will stop selling factory automation software to focus on higher-margin AI design. This may lose some revenue from chipmakers, but should improve profitability and sharpen focus on its core, faster-growing business.
This is a new strategic shift that affects both revenue and profitability, with mixed near-term impact.

June 202617 Jun – 7 Jul 2026

▲3

Synopsys Expands AI Chip Design, Analysts See Big Upside

New AI-powered multiphysics design tools Synopsys launched Multiphysics Fusion, combining AI design tools with Ansys simulation. It speeds up chip design and analysis for advanced AI chips, making Synopsys's products more valuable and likely boosting future sales and profits.
This is a new product launch that directly strengthens Synopsys's technology and market position.
Analyst upgrades on Intel foundry and Apple opportunities Piper Sandler upgraded Synopsys to Overweight, citing growing demand for its chip design tools from Intel's foundry customers like Apple and Google. More chip manufacturing by Intel means more licensing of Synopsys's intellectual property, driving revenue.
This is a new analyst upgrade that highlights a specific demand catalyst for Synopsys.
Strong Q2 results and raised guidance Synopsys beat earnings and revenue estimates, with revenue up 42% year-over-year, and raised full-year guidance. Despite the strong results, the stock has drifted lower, creating a disconnect that analysts see as a buying opportunity.
This is a new earnings report that confirms Synopsys's fundamental strength and supports the bullish case.
Discontinuing low-margin manufacturing software Synopsys will stop selling factory automation software to focus on higher-margin AI design. This may lose some revenue from chipmakers, but should improve profitability and sharpen focus on its core, faster-growing business.
This is a new strategic shift that affects both revenue and profitability, with mixed near-term impact.

17 Jun – 7 Jul 2026

▲3

Synopsys Expands AI Chip Design, Analysts See Big Upside

New AI-powered multiphysics design tools Synopsys launched Multiphysics Fusion, combining AI design tools with Ansys simulation. It speeds up chip design and analysis for advanced AI chips, making Synopsys's products more valuable and likely boosting future sales and profits.
This is a new product launch that directly strengthens Synopsys's technology and market position.
Analyst upgrades on Intel foundry and Apple opportunities Piper Sandler upgraded Synopsys to Overweight, citing growing demand for its chip design tools from Intel's foundry customers like Apple and Google. More chip manufacturing by Intel means more licensing of Synopsys's intellectual property, driving revenue.
This is a new analyst upgrade that highlights a specific demand catalyst for Synopsys.
Strong Q2 results and raised guidance Synopsys beat earnings and revenue estimates, with revenue up 42% year-over-year, and raised full-year guidance. Despite the strong results, the stock has drifted lower, creating a disconnect that analysts see as a buying opportunity.
This is a new earnings report that confirms Synopsys's fundamental strength and supports the bullish case.
Discontinuing low-margin manufacturing software Synopsys will stop selling factory automation software to focus on higher-margin AI design. This may lose some revenue from chipmakers, but should improve profitability and sharpen focus on its core, faster-growing business.
This is a new strategic shift that affects both revenue and profitability, with mixed near-term impact.

Applied Digital Corporation (APLD)

Q3 202623 Jul – 28 Aug 2026

▲3▼1

APLD Q4 Revenue Soars 407%, Backlog $36B, But Valuation and Sector Risks Loom

Fiscal Q4 Revenue Surges 407% to $258.7M, Beating Estimates Applied Digital reported fiscal Q4 revenue of $258.7 million, up 407% year over year, beating analyst estimates. The strong results reflect accelerating demand for AI data center capacity and improving execution, boosting investor confidence.
This is the primary new financial result that drove positive sentiment during the period.
Contracted Lease Backlog Reaches $36B Across 1.41 GW Applied Digital's contracted lease backlog hit $36 billion across 1.41 GW, with over 70% backed by investment-grade hyperscalers. Management now expects to hit its $1 billion annual net operating income target three years early, signaling strong future cash flows.
This new backlog figure and accelerated target highlight the scale of demand and future revenue visibility.
B. Riley Reiterates Buy with $66 Target; Sector Tailwinds B. Riley reiterated a Buy rating with a $66 price target, citing strong growth prospects. Sector momentum from Nvidia and CoreWeave added tailwinds, lifting Applied Digital shares as investors grew more optimistic about AI infrastructure demand.
Analyst endorsement and sector momentum were key positive drivers during the quarter.
Valuation and Financing Risks Temper Bull Case Morgan Stanley initiated coverage with Equal-weight, citing lower returns on invested capital and financing risks. APLD's 526x forward P/E and $1.59 billion in 7% senior secured notes leave little margin for error, with customer concentration an ongoing concern.
These new risk factors provide a necessary counterweight to the positive developments.

August 20261 Aug – 28 Aug 2026

▲3▼1

AI demand and $36B backlog drive APLD, but financing and peer risk weigh

AI data center demand remains red-hot Applied Digital's $36 billion lease pipeline and 167% revenue growth show strong demand for AI data centers. Goldman Sachs estimates $7.6 trillion in AI infrastructure spending through 2031, a huge tailwind. This supports the stock because it means more future revenue and growth.
Explains the core demand driver behind APLD's move and its long-term growth potential.
Earnings beat and accelerated profit target Q4 revenue surged 407% to $258.7 million, beating estimates, and management now expects to hit its $1 billion annual net operating income target three years early. This shows the AI buildout is translating into real profits, pushing the stock up.
Highlights the fundamental earnings strength that directly boosts investor confidence and the stock price.
Sector momentum from Nvidia and peers Nvidia's blowout earnings and strong guidance, plus CoreWeave's accelerating backlog, lifted AI infrastructure stocks including Applied Digital. Nvidia remains supply constrained, making contracted power and hosting capacity more valuable. This sector-wide demand signal pushes APLD higher.
Shows how broader AI compute demand and peer results directly lift APLD's stock.
Financing risks and peer impairment IREN's $638.8 million impairment on obsolete mining gear triggered a sector selloff, with APLD down 7%. APLD's high forward P/E of 526x and $1.59 billion in 7% senior secured notes leave little cushion. Financing large projects and customer concentration remain real risks.
Provides the key counterweight: financing and peer risks that can pressure APLD's stock.

Latest1 Aug – 28 Aug 2026

▲3▼1

AI demand and $36B backlog drive APLD, but financing and peer risk weigh

AI data center demand remains red-hot Applied Digital's $36 billion lease pipeline and 167% revenue growth show strong demand for AI data centers. Goldman Sachs estimates $7.6 trillion in AI infrastructure spending through 2031, a huge tailwind. This supports the stock because it means more future revenue and growth.
Explains the core demand driver behind APLD's move and its long-term growth potential.
Earnings beat and accelerated profit target Q4 revenue surged 407% to $258.7 million, beating estimates, and management now expects to hit its $1 billion annual net operating income target three years early. This shows the AI buildout is translating into real profits, pushing the stock up.
Highlights the fundamental earnings strength that directly boosts investor confidence and the stock price.
Sector momentum from Nvidia and peers Nvidia's blowout earnings and strong guidance, plus CoreWeave's accelerating backlog, lifted AI infrastructure stocks including Applied Digital. Nvidia remains supply constrained, making contracted power and hosting capacity more valuable. This sector-wide demand signal pushes APLD higher.
Shows how broader AI compute demand and peer results directly lift APLD's stock.
Financing risks and peer impairment IREN's $638.8 million impairment on obsolete mining gear triggered a sector selloff, with APLD down 7%. APLD's high forward P/E of 526x and $1.59 billion in 7% senior secured notes leave little cushion. Financing large projects and customer concentration remain real risks.
Provides the key counterweight: financing and peer risks that can pressure APLD's stock.

July 202623 Jul – 28 Jul 2026

▲3

Applied Digital's AI Data Center Backlog Hits $36B as Earnings Soar

Fiscal Q4 Revenue Surges 407%, Beats Estimates Applied Digital reported Q4 revenue of $258.7 million, up 407% year over year, crushing the $94.8 million estimate. Adjusted earnings per share came in at 4 cents versus an expected 22-cent loss. This shows the AI data center buildout is translating into real, accelerating revenue, pushing the stock up.
This is the core new financial result that directly answers why APLD is moving now.
Contracted Lease Backlog Reaches $36 Billion Across 1.41 GW On its earnings call, Applied Digital said it has 1.41 gigawatts of contracted IT load across five campuses, supporting about $36 billion in base-term lease revenue. Over 70% is backed by investment-grade hyperscalers. This massive backlog gives long-term cash flow visibility, boosting investor confidence and the stock.
This is a new, concrete metric that quantifies the company's future revenue and validates demand.
B. Riley Reiterates Buy, $66 Target After EBITDA Beat B. Riley kept its Buy rating and $66 price target after Applied Digital's Q4 adjusted EBITDA of $42.4 million beat its $24.6 million estimate. The analyst also noted improving construction times and lower financing costs. This analyst endorsement reinforces the bullish case and supports the stock price.
This is a new analyst action that directly reflects the earnings beat and provides a price target.
Morgan Stanley Initiates Equal-weight, Citing Lower Returns and Financing Risks Morgan Stanley started coverage with an Equal-weight rating and $36.50 target, noting Applied Digital's lower returns on invested capital and financing risks compared to peers. While it acknowledges the sizable lease portfolio, this cautious view tempers upside and could weigh on the stock.
This is a new counterweight that provides a balanced view of the risks and limits the bullish narrative.

23 Jul – 28 Jul 2026

▲3

Applied Digital's AI Data Center Backlog Hits $36B as Earnings Soar

Fiscal Q4 Revenue Surges 407%, Beats Estimates Applied Digital reported Q4 revenue of $258.7 million, up 407% year over year, crushing the $94.8 million estimate. Adjusted earnings per share came in at 4 cents versus an expected 22-cent loss. This shows the AI data center buildout is translating into real, accelerating revenue, pushing the stock up.
This is the core new financial result that directly answers why APLD is moving now.
Contracted Lease Backlog Reaches $36 Billion Across 1.41 GW On its earnings call, Applied Digital said it has 1.41 gigawatts of contracted IT load across five campuses, supporting about $36 billion in base-term lease revenue. Over 70% is backed by investment-grade hyperscalers. This massive backlog gives long-term cash flow visibility, boosting investor confidence and the stock.
This is a new, concrete metric that quantifies the company's future revenue and validates demand.
B. Riley Reiterates Buy, $66 Target After EBITDA Beat B. Riley kept its Buy rating and $66 price target after Applied Digital's Q4 adjusted EBITDA of $42.4 million beat its $24.6 million estimate. The analyst also noted improving construction times and lower financing costs. This analyst endorsement reinforces the bullish case and supports the stock price.
This is a new analyst action that directly reflects the earnings beat and provides a price target.
Morgan Stanley Initiates Equal-weight, Citing Lower Returns and Financing Risks Morgan Stanley started coverage with an Equal-weight rating and $36.50 target, noting Applied Digital's lower returns on invested capital and financing risks compared to peers. While it acknowledges the sizable lease portfolio, this cautious view tempers upside and could weigh on the stock.
This is a new counterweight that provides a balanced view of the risks and limits the bullish narrative.

Q2 202617 Jun – 1 Jul 2026

▲4

Applied Digital's AI Data Center Buildout Accelerates with New Leases and On-Time Delivery

New 210 MW Hyperscaler Lease Adds $5.2B Contracted Revenue Applied Digital signed a 15-year lease with a high-investment-grade hyperscaler for 210 MW, expected to generate $5.2 billion in base revenue. This boosts future cash flow and validates demand, pushing the stock up as investors see growing backlog.
This is a new major contract that directly increases APLD's future revenue and is a key reason for the recent price target hike.
Polaris Forge 1 Delivers Second Building, Live Capacity Hits 175 MW Applied Digital brought 75 MW online on schedule at Polaris Forge 1, reaching 175 MW of live capacity. This shows execution strength and supports revenue growth, lifting investor confidence and the stock price.
This operational milestone demonstrates the company's ability to deliver on its backlog, a key driver of the stock's momentum.
Fiscal Q3 Revenue Surges 139%, Adjusted EBITDA $44.1M Applied Digital reported Q3 revenue of $126.6 million, up 139% year over year, with adjusted EBITDA of $44.1 million. Strong financial performance signals accelerating demand and improving profitability, pushing the stock higher.
This is a new earnings report that confirms the company's rapid growth and is a fundamental driver of the stock's recent rise.
Montana-Dakota Utilities Signs Power Agreement for Polaris Forge 3 Montana-Dakota Utilities agreed to supply power to Applied Digital's proposed 430 MW AI factory in North Dakota. This secures critical infrastructure for future growth, boosting investor confidence in the company's expansion plans.
This is a new agreement that de-risks the power supply for a major future campus, supporting the growth narrative.

June 202617 Jun – 1 Jul 2026

▲4

Applied Digital's AI Data Center Buildout Accelerates with New Leases and On-Time Delivery

New 210 MW Hyperscaler Lease Adds $5.2B Contracted Revenue Applied Digital signed a 15-year lease with a high-investment-grade hyperscaler for 210 MW, expected to generate $5.2 billion in base revenue. This boosts future cash flow and validates demand, pushing the stock up as investors see growing backlog.
This is a new major contract that directly increases APLD's future revenue and is a key reason for the recent price target hike.
Polaris Forge 1 Delivers Second Building, Live Capacity Hits 175 MW Applied Digital brought 75 MW online on schedule at Polaris Forge 1, reaching 175 MW of live capacity. This shows execution strength and supports revenue growth, lifting investor confidence and the stock price.
This operational milestone demonstrates the company's ability to deliver on its backlog, a key driver of the stock's momentum.
Fiscal Q3 Revenue Surges 139%, Adjusted EBITDA $44.1M Applied Digital reported Q3 revenue of $126.6 million, up 139% year over year, with adjusted EBITDA of $44.1 million. Strong financial performance signals accelerating demand and improving profitability, pushing the stock higher.
This is a new earnings report that confirms the company's rapid growth and is a fundamental driver of the stock's recent rise.
Montana-Dakota Utilities Signs Power Agreement for Polaris Forge 3 Montana-Dakota Utilities agreed to supply power to Applied Digital's proposed 430 MW AI factory in North Dakota. This secures critical infrastructure for future growth, boosting investor confidence in the company's expansion plans.
This is a new agreement that de-risks the power supply for a major future campus, supporting the growth narrative.

17 Jun – 1 Jul 2026

▲4

Applied Digital's AI Data Center Buildout Accelerates with New Leases and On-Time Delivery

New 210 MW Hyperscaler Lease Adds $5.2B Contracted Revenue Applied Digital signed a 15-year lease with a high-investment-grade hyperscaler for 210 MW, expected to generate $5.2 billion in base revenue. This boosts future cash flow and validates demand, pushing the stock up as investors see growing backlog.
This is a new major contract that directly increases APLD's future revenue and is a key reason for the recent price target hike.
Polaris Forge 1 Delivers Second Building, Live Capacity Hits 175 MW Applied Digital brought 75 MW online on schedule at Polaris Forge 1, reaching 175 MW of live capacity. This shows execution strength and supports revenue growth, lifting investor confidence and the stock price.
This operational milestone demonstrates the company's ability to deliver on its backlog, a key driver of the stock's momentum.
Fiscal Q3 Revenue Surges 139%, Adjusted EBITDA $44.1M Applied Digital reported Q3 revenue of $126.6 million, up 139% year over year, with adjusted EBITDA of $44.1 million. Strong financial performance signals accelerating demand and improving profitability, pushing the stock higher.
This is a new earnings report that confirms the company's rapid growth and is a fundamental driver of the stock's recent rise.
Montana-Dakota Utilities Signs Power Agreement for Polaris Forge 3 Montana-Dakota Utilities agreed to supply power to Applied Digital's proposed 430 MW AI factory in North Dakota. This secures critical infrastructure for future growth, boosting investor confidence in the company's expansion plans.
This is a new agreement that de-risks the power supply for a major future campus, supporting the growth narrative.