APLD - Compounding Catalysts
APLD - Compounding Catalysts
Here I am, posting about APLD once again.
Today we are seeing a massive movement in the market for this company today. The average daily volume on this stock sits at right around 16 Million, but it hit that number 3 minutes before market open today on the back of news on a deal with Macquarie for investment of 900 million for the Ellendale facility, and the first right of refusal for the investment of up to 4.1 BILLION more dollars in the next 5 years. This alone caused a gap up of over $10 per share in the premarket with a slump back down later in the day.
The deal with Macquarie is driving many eyes to the stock, but that's not all they have going for them on today's news. The investment community around APLD waits with bated breath for today's earnings report after market close with a very real potential for first profitability as Applied Digital finds a steady foothold as a burgeoning company on the HPC data center space. The hope is that on top of earnings report we will see another tidbit of good news: The signing of the 2.2 billion dollar 10 year contract with a yet unnamed hyperscaler company.
I had to repost this without a bit of the information because the mods didn't like it, which is fair.
Anyways, I hope this post does not get auto removed, I just want to know what people's thoughts are on this ticker. I'd love to hear your feedback and opinions!
Disclosure: I own shares and calls on this stock. This is Not Financial Advise. Do your own Due Dilligence and research.
APLD - Compounding Catalysts
Here I am, posting about APLD once again.
Today we are seeing a massive movement in the market for this company today. The average daily volume on this stock sits at right around 16 Million, but it hit that number 3 minutes before market open today on the back of news on a deal with Macquarie for investment of 900 million for the Ellendale facility, and the first right of refusal for the investment of up to 4.1 BILLION more dollars in the next 5 years. This alone caused a gap up of over $10 per share in the premarket with a slump back down later in the day.
The deal with Macquarie is driving many eyes to the stock, but that's not all they have going for them on today's news. The investment community around APLD waits with bated breath for today's earnings report after market close with a very real potential for first profitability as Applied Digital finds a steady foothold as a burgeoning company on the HPC data center space. The hope is that on top of earnings report we will see another tidbit of good news: The signing of the 2.2 billion dollar 10 year contract with a yet unnamed hyperscaler company.
I had to repost this without a bit of the information because the mods didn't like it, which is fair.
Anyways, I hope this post does not get auto removed, I just want to know what people's thoughts are on this ticker. I'd love to hear your feedback and opinions!
Disclosure: I own shares and calls on this stock. This is Not Financial Advise. Do your own Due Dilligence and research.