Applied Digital reported Q4 earnings and revenue above expectations, highlighting its role as a major beneficiary of the AI-driven data center investment boom. The company's gross margin is improving due to a shift toward higher-margin data center lease revenues and full operation of its Polaris Forge campus. With a contracted backlog of $35.7 billion, potentially rising to $85.7 billion with lease extensions, Applied Digital has strong long-term growth visibility. Analysts recommend building a position after recent price corrections, citing secular capital expenditure trends and potential for stock revaluation.
IREN Limited's stock fell sharply after reporting a $684 million loss, mainly due to non-cash write-downs from its Bitcoin mining hardware. Despite this, Bernstein analyst Gautam Chhugani set a high price target of $100, implying about 182% upside, b...
IREN Limited reported a $638.8 million impairment on older Bitcoin mining equipment, causing its stock to drop 13% and triggering a selloff among AI data center peers like Applied Digital and TeraWulf, which fell around 7%. Despite strong revenue gro...
IREN reported a $639 million impairment on its old Bitcoin mining equipment, causing a 6% stock drop despite its AI Cloud business more than doubling revenue to $128.8 million. The writedown led to a fiscal 2026 net loss of $702.6 million, overshadow...
TeraWulf and Applied Digital shares jumped 6% and 5% respectively after NVIDIA reported record revenue and strong guidance for AI data center growth. NVIDIA's Q2 revenue of $96.2 billion beat expectations, with data center revenue up 117%, signaling ...
