Retail investors are optimistic about Applied Digital with support from Nvidia and a $5B deal.

From Stocktwits: 2025-01-16 00:14:21

Applied Digital is gaining retail investor optimism with strong backing from Nvidia and a $5B Ellendale deal. The company provides high-performance computing data centers optimized for Nvidia’s GPU deployments, including the Ellendale HPC campus. Applied Digital reported a 51% increase in revenue to $63.9 million in the second quarter. While 38% of investors believe the hyperscaler lease at Ellendale is impactful, CEO Wesley Cummins cautioned that deals with hyperscalers may take longer to finalize. The stock was up nearly 2% despite an earnings beat, with an average price target of $11.75 and all analysts giving it a “Buy” rating.



Read more at Stocktwits: Retail Investor Poll Reveals Hyperscaler Lease, Nvidia Investments As Key Catalysts For Applied Digital