Applied Digital fell 8% to $16.33 after CEO Wes Cummins said about 800 MW of planned data center capacity over the next 12 months still needs financing, and peers Nebius, CoreWeave and IREN each dropped 6%. Cummins said about 600 MW of the 1.4 GW plan is financed, and the unfunded capacity has tenants rated AA or better, with about $20 billion in contracted revenue across its three newer campuses. Interest expense reached $77.4 million in Q1 FY2027, above $65.8 million in base rent collected, and CoreWeave accounts for an estimated 30% of contracted revenue. Consensus now shows a fiscal 2028 loss of $0.78 per share, versus a $0.13 profit three months ago. The stock is down 51% over the past year, and the company's Q2 FY2027 report in January is the next checkpoint.
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• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/30/2026 | 204.64 |
| Change that session | -4.22% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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