New York, Feb 2, 2026, 16:39 EST — After-hours
- Applied Digital shares climbed 2.7%, closing at $34.80 in late Monday trading.
- On Jan. 29, a board member filed a Form 4 revealing a stock sale, accompanied by a Form 144 indicating a bigger planned sale.
- Investors are closely tracking tenant signings and financing updates as the company accelerates its AI data-center expansion.
Applied Digital shares climbed 2.7% to close at $34.80 Monday, swinging between $32.49 and $36.15 during the session. Nasdaq saw nearly 23 million shares trade hands, per market data.
Based in Dallas, the company specializes in constructing data centers tailored for high-performance computing (HPC), the backbone for demanding AI tasks. Its stock has emerged as a high-beta vehicle to capitalize on the surge in power-hungry AI infrastructure expansion.
Why it matters now: Applied Digital talks megawatts—a way to gauge how much electric power their campuses convert into computing muscle. The question remains how fast they can secure long-term tenants and fund construction without hitting roadblocks or overburdening the balance sheet.
Risk appetite edged higher: the tech-centric Invesco QQQ Trust gained 0.7%, and the SPDR S&P 500 ETF Trust climbed 0.5%. Nvidia dropped 2.9%, with AI cloud player CoreWeave down 4.5%.
Director Chuck Hastings disclosed in a Form 4 filed with the U.S. Securities and Exchange Commission that he sold 45,987 shares on Jan. 29, fetching $38.57 each. Post-sale, he still held 388,372 shares, including restricted stock units. (Applied Digital Corporation)
A separate Form 144 filing revealed plans to sell up to 100,000 shares, valued around $3.876 million, with a tentative sale date of Jan. 29. (Applied Digital Corporation)
Separately, The Vanguard Group disclosed owning 24.17 million shares, representing 8.65% of the company’s outstanding stock as of Dec. 31, per a Schedule 13G filing. (Applied Digital Corporation)
Applied Digital announced on Jan. 22 that it has started construction on Delta Forge 1, a 430-megawatt “AI Factory” campus located in a southern U.S. market, aiming for initial operations by mid-2027. “AI Factories succeed or fail based on how effectively power, cooling and operations are integrated,” said CEO Wes Cummins. (Applied Digital Corporation)
The upside hinges on execution and access to capital. The company’s latest quarterly report highlighted risks such as securing financing needed for growth, reliance on key customers, and potential setbacks from power outages or construction delays. (SEC)
Traders are currently focused on concrete news around lease signings and construction milestones — the updates that can sharply shift the cash-flow outlook one way or the other.
Applied Digital’s investor-relations calendar shows no scheduled events ahead. The next key milestone is the company’s quarterly earnings report, expected around April 13, though no official date has been announced. (Applied Digital Corporation)
