Applied Digital is a buy as it pivots to a lucrative digital real estate model powering AI infrastructure, evidenced by a massive $7.5B lease and strong revenue beat.
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Applied Digital's $7.5B AI Lease: APLD Explodes! | APLD Stock Analysis
Apr 24, 2026
The podcast discusses Applied Digital (APLD) and its transition into a digital real estate model, comparing it to a REIT that houses AI supercomputers. A recent $7.5 billion AI data center lease is highlighted as a major catalyst. While the company reported a significant revenue beat and an adjusted EPS beat, concerns are raised about its large GAAP net loss and deeply negative free cash flow, which the hosts explain as part of an S-curve buildout phase for heavy infrastructure.
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