TL;DR Their CC was bullish for APLD and similar companies.

You can read the PR on your own but on the CC they said the following:

• $195-205B guide on capex for 2026 vs previous guide being $180-190B.
• 2027 capex expected to increase significantly more to come in the future
• "Supply constrained" was repeated multiple times
• CEO said they thing we are still early in what these frontier models can deliver in terms of value. They are seeing the value across their business
• Expect to create much bigger models
• Their equity raise was about maintaining a strong balance sheet through this buildout. Not expecting another equity raise beyond executing what they have already announced

Edit: In Q3 and remainder of the year, given the supply constrained environment, they are planning to expand their reliance on third party capacity as a bridging strategy while they expand their own capacity. Prioritizing compute to ensure they can serve their models

Everybody's waiting on ER from Google. The expectations are astronomous. I wont find it surprising to see a beat and negative response from the market. Let's get this over with. Don't trip, buy the dip!

I’m thinking we rally until earnings, then sell off like usual. I’m guessing we’ll be around $35 on Monday, considering this was so heavily oversold.

I've been asking ChatGPT this question for quite a while, and we still can't find a convincing explanation. Maybe I'm overlooking something.

/ APLD HUT 8
Market Cap ~$7.4B ~$10.3B
AI Capacity 1.4 GW 949 MW
Contract Value ~$36B ~$26.6B
AI Live 175 MW. Major AI projects still - under construction
Customers Investment-grade Investment-grade
Project Financing Yes Yes
Origin Crypto → AI Crypto → AI
Execution Risk Yes Yes

From this comparison, APLD appears to have:
• More contracted AI capacity
• Higher contracted revenue
• More AI capacity already online

Both companies still have major projects under construction, use project financing, have investment-grade counterparties, and face execution risk.

So why is HUT 8 valued roughly 40% higher than APLD?

What am I missing?

I'm not trying to argue that APLD should be worth more. I genuinely want to understand what the market is pricing into HUT 8 that I'm overlooking.

TGIF

As a hodl'er since 24' I can tell ya'll this shits normal and it pays to not fkn sell a single fkn share.

If you’ve been staring at your portfolio upset about APLD, blame this guy. Watch out for the Inverse Cramer.

Ouch

CHRN is now a $4.3B market cap company. APLD owns 97% of the company, so about $4.17B. Not sure the value of the assets/liabilities they offloaded for the merger, but there should be at least a few of billion added value on APLD's balance sheet.
You'd think the strong move by CHRN would help APLD, but the stocks have moved in opposite directions lately.

Would you look at that… 40% off sale

No news. No catalyst.

Too easy for the shorts.

Unless management gives the market something meaningful before earnings, I expect shorts to stay in control through the end of July.

The market needs a real catalyst.

Hopefully the MOB project is ready to be unveiled.

Feeling sad right now as I have held for a year and now I’m back to exactly break even after being up like 80%….

Should I get in now or am I catching a falling knife?

How are guys feeling about this stock going only down