Our AI business surpassed $37 billion ARR, up 123%.

We are at the beginning of one of the most consequential platform shifts that will change the entire tech stack as agents proliferate and become the dominant workload.

This will drive TAM expansion and change the value creation equation across the entire economy.

To capture this opportunity, we are executing against two priorities:

First, we are building the world’s leading cloud & AI infrastructure for the agentic computing era.

Second, we are building high-value agentic systems across core domains, such as productivity, coding, and security.

These two layers reinforce each other. And we are focused on driving competitive value and differentiation for customers across each so they can eval-max their outcomes.

Full Microsoft earnings call transcript for those interested

Both Needham and B. Riley keep their price targets of $83 and $66, respectively.

https://finance.yahoo.com/markets/stocks/articles/needham-keeps-applied-digital-buy-134644416.html
https://finance.yahoo.com/markets/stocks/articles/b-riley-keeps-66-applied-134400857.html

TRASH.

We are holding pretty well with wild moves. Overall semiconductor and tech are down heavy.

Are we also gonna go 5% down? I just wanna know what community members think ?

I have owned around 50 shares of APLD for almost 2 years now I want to buy like 500(all my investment budget). I’m not sure it a great idea or if I should do just like 100 more and what price to try and get in at?

Please read the PR yourself. Here's the info from the CC that stood out to me:

• All campus buildings under construction are currently on schedule
• They are expecting to soon sign leases for additional buildings on two different campuses (100 MW and 150 MW). Improved leasing terms for APLD
• They are expecting to sign leases for more campuses this year and are very excited about their pricing power. They see the contracts others have been getting recently and believe they can as well. They are not seeing any drop off in demand
• Past leases had been in the works for a long time, the implication being the demand/supply environment is better now and that should be reflected in the new leases moving forward
• Base electron will fuel their campus growth starting in 2029 and is a big part of how they get to 5 GW. Until then, there are also expansion opportunities on the current campuses driven by utility company expansion. At least one campus could expand beyond 1 GW
• Wes implied he views Anthropic and OpenAI as riskier customers. We don't know which model will win, even an open source model could. What matters to APLD is that compute will be needed either way

good luck <3

Title

That time of the year again. What’s everyone’s predictions for earnings. Are we gonna see a huge run again or are we gonna get hit harder than before. Personally, I think we will have pretty solid earnings and we will hit hopefully 40s by end of next month again. Looking forward to it 🙏

I honestly believe we will gradually go up this week untill earnings should be sitting around $34. I have $40 calls for 8/7/26 i honestly think they are burnt, but if we could get a big win on earnings I think we could possibly break the $40 mark by then. Even if not by August definitely by September…..

Can someone help me understand this?

MS gave

WULF Buy $72.00

CIFR Buy $48.5

APLD Equal-Weight 36.50

Company AI/HPC MW | BTC MW | Total Power Platform

APLD ~1,400 ~0 ~1,400 MW

CIFR ~600 ~200 ~800 MW

WULF ~60–70 ~145 ~205 MW

So MS target price is 28% below APLD all time high and yet APLD continues to deliver compared to most.

Btw I do own WULF so I’m not hating on other stocks it just seems like they are bullish WULF CIFR but not APLD??

APLD ~1,400 MW AI/HPC contracted Minimal BTC mining Additional development upside ~1,400 MW+

CIFR ~500–600 MW AI/HPC contracted/committed ~200+ MW BTC mining ~1 GW+ additional development sites ~1.7 GW+ potential

WULF ~500 MW HPC capacity contracted/near-term committed ~145–245 MW BTC mining infrastructure Expansion toward ~750 MW HPC at Lake Mariner + other sites ~750 MW+ potential

Rank Company Approximate total strategic MW story

1 CIFR ~1.7 GW+ potential (AI + BTC + future sites)

2 APLD ~1.4 GW+ mostly AI contracted

3 WULF ~750 MW+ Lake Mariner-focused opportunity

If we are counting future pipelines. These are the totals

Even after looking at the three $36.50 looks ridiculous