Applied Digital (APLD) rose 9% to $17.65 in afternoon trading, recouping losses from November 2, when CEO Wes Cummins said the company must still finance roughly 800 megawatts of capacity over the next 12 months; the stock is still down 30% over the past month. Cummins called the company a “highly technical real estate business” built on long-term leases, said tenants for unfinanced capacity are rated AA or better, and said about 600 megawatts of the 1.4-gigawatt plan has been financed. According to 24/7 Wall St., interest expense of $77.4 million exceeded the $65.8 million base rent collected in Q1 FY2027, and CoreWeave's share of contracted revenue is estimated at 30%. Debt stood at about $6.4 billion, though more than 80% of principal isn't due until fiscal 2031 or later. IREN rose 9% to $23.92 and Nebius climbed 7% to $151.67.
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data centersartificial intelligenceApplied DigitalCoreWeave
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NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 11/02/2026 | 202.06 |
| Change that session | -1.26% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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