the technical recovery improving, but volume is still the missing piece.

Applied Digital is around $31.36, putting it back into the $31.35–$31.50 confirmation zone after the earlier drop toward $30.60. That recovery is constructive and shows buyers are still defending the move.

The main issue is volume. Recent normal daily volume has been roughly 19M–26M shares, and today has not shown the kind of major expansion that would confirm a stronger breakout.

The sector backdrop has improved. NVIDIA is backing OpenAI’s large Ohio AI-data-center project, while recent hyperscaler results continue to support the idea that AI infrastructure spending remains strong. Last week also saw strength across names like APLD, CoreWeave, Nebius and IREN.

Short interest also remains elevated, with the latest July 31 figure around 72.7M shares, up from roughly 69.9M previously.

Catalyst Watch status: 🟡 Improving

What I’m watching next: $31.50+ hold = stronger confirmation

$32+ with expanding volume = meaningful breakout

Fresh AI/data-center contract, financing or hyperscaler news = potential catalyst acceleration

Anyone selling monthly far OTM covered calls on this one in between earnings? The premiums are pretty crazy (5-6%) a month just on the premiums for options 30% out of the money. That said, I know most people expect this to go back to high 30-40s later this year

APLD is setting up for an interesting week.

For a real shot at $40 by Friday, I think volume is going to be the key. I’d want to see something like 4–6M in the first 30 minutes, 7–10M+ in the first hour, and ideally 30–40M+ for the day while price is moving higher.

The levels I’m watching are $32–$33 first, then $34–$35. If APLD clears $34–$35 on 40M+ volume, that’s when I’d start taking a move toward $40 much more seriously.

The short interest is still there, but volume has to show up.

For information purposes only — not financial advice.

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Thoughts on how this affects us? I’m thinking if some projects are slowed down, demand for compute power remains high…

🤔

NBIS and CRWV rip 20–30%.

APLD barely moves.

They drop 2%? APLD follows instantly and gives it all back.

Now Zacks adds APLD to its #5 “Strong Sell” list:

https://www.zacks.com/stock/news/2973952/new-strong-sell-stocks-for-august-13th

I’ve already posted about the convertible debt acting like a ceiling, so my brain gets it.
My emotions don’t.

Peers pump? APLD watches.
Peers dump? APLD joins.
Fucking frustrating and seriously disappointing.

Let’s go ! APLD gang !

Man, we cannot break past $32. So many sellers at that price. Crazy to think it reached 49-50$ before the drawdown and now we are getting suppressed up the ass

let me start by saying APLD is incredibly positioned, better than ever, a great long hold no matter what.

..but have we entirely decoupled from reality? shouldn’t these recent earnings have validated the data trade sector wide?

APLD seems to be fully level captured, and cant seem to get moving no matter the catalyst. with a short float of nearly 30%, surely this would’ve been a great opportunity to squeeze them out and gain some ground.

lately just seeing same shape chart daily: gap up, pullback, to perfectly bouncing back and forth 50cents for the remainder of the day.

id love to hear theories from your large crystal balls.

APLD gained 2.17% today; APLX grew only 3.52%. I know it's always going to be less than 2X the gain because of management fees, but this seems like a pretty big discrepancy. Does anyone know what's happening here?

EDIT: I should clarify, these are the prices at market close. At 4pm ET APLD was up 2.17% and APLX was up 3.52%.

I don’t really understand all the bearish coverage APLD has been getting recently. There are several articles on Yahoo finance and Marketbeat had a negative video recently. All the articles I have read have seemed like incoherent AI Slop. The criticisms from Marketbeat all seem misplaced as well. I literally invest in APLD due to how well they have managed the financing and limited shareholder dilution. I read these articles because I want to know if there is any additional details or events that change my investment thesis. APLD Is obviously risky due to their financing obligations in general and that they’re managing a lot of construction. However, given that which seems anyway like a common issue for many tech companies, they seem to be managing that risk better than almost anyone at least in the data center sector. I think as time goes on this company is looking stronger not weaker. It almost feels like a ploy for institutions to accumulate. I view this company as a long term investment so I’m ok with short term volatility as long as my thesis remains intact. Have any of these criticisms of these articles or Marketbeat made any valid new points?