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The latest update is out from Applied Digital Corporation ( (APLD) ).
On January 14, 2026, Applied Digital’s board approved the transition of co-founder and Chief Strategy Officer Jason Zhang to President and Co-Founder, formalizing his long-standing role in steering the company’s strategy and growth. Zhang, a former investor at Sequoia Capital and MSD Capital who has led key initiatives such as negotiating leases for the company’s Polaris Forge 1 and Polaris Forge 2 data center campuses in North Dakota, will continue to work closely with co-founder Wes Cummins, who remains chairman and CEO, as the company scales its AI infrastructure platform. In connection with the move, Applied Digital amended Zhang’s employment agreement to reflect his new title and set his annual base salary at $700,000, underscoring the board’s commitment to continuity in leadership as the business advances its next phase of AI infrastructure expansion.
The most recent analyst rating on (APLD) stock is a Buy with a $41.00 price target. To see the full list of analyst forecasts on Applied Digital Corporation stock, see the APLD Stock Forecast page.
Spark’s Take on APLD Stock
According to Spark, TipRanks’ AI Analyst, APLD is a Neutral.
The score reflects a strong technical uptrend and a notably positive earnings-call backdrop driven by large hyperscaler lease wins and a visible near-term ramp, but is held back by weak financial quality—deep losses, negative operating cash flow, very large negative free cash flow, and elevated leverage. Valuation is also constrained by negative earnings (negative P/E) and no stated dividend support.
To see Spark’s full report on APLD stock, click here.
More about Applied Digital Corporation
Applied Digital Corporation (Nasdaq: APLD) is a Dallas-based designer, builder and operator of high-performance, sustainably engineered data centers and colocation services tailored to artificial intelligence, cloud, networking and blockchain workloads. Founded in 2021, the company leverages hyperscale expertise, proprietary waterless cooling and rapid deployment capabilities to deliver secure, scalable compute infrastructure, including its Polaris Forge AI Factory campuses in North Dakota, with a focus on speed, efficiency and economic development in underserved communities.
Average Trading Volume: 29,874,176
Technical Sentiment Signal: Buy
Current Market Cap: $10.09B
See more data about APLD stock on TipRanks’ Stock Analysis page.