$APPLIED DIGITAL CORP(APLD)$ ππ AI-fueled and crypto-cooled: $APLDβs breakout play is heating up ππ₯π
Iβm extremely confident Applied Digital Corp ($APLD) is entering the acceleration phase of a multi-week squeeze setup. This $2.7B infrastructure company sits squarely at the crossroads of two of the most explosive secular narratives on the market: generative AI and Bitcoin mining. The charts are screaming bullish continuation, and the short interest? Jet fuel.
APLD just inked a colossal $7B, 15-year hosting agreement with CoreWeave; giving it a massive AI compute demand tailwind. Itβs also locking in relationships with red-hot AI players like Character.AI. That contract scale is unheard of for a mid-cap. This isnβt a retail speculation; itβs infrastructure-as-a-service for the next wave of compute.
Iβm seeing strong technical confirmation across multiple timeframes. After a textbook retest of the 10-week EMA, price exploded +30% last week and is now consolidating above the upper Bollinger band with a fresh MACD bull crossover. The weekly and monthly candles show explosive energy, and itβs not just price action.
The short setup is prime. Open short interest is massive at 117.3M shares. Thatβs 21.45% of float shorted, with a short ratio of 8.24 and only 2.14 days to cover. Volume has surged to over 50M shares with bullish price action; clear signs of a pressure cooker. If price clears $14.40s, I expect a gamma feedback loop to ignite with upside toward $17.22 (analyst average PT) and potentially the $24 high-end target.
Analysts are warming up. Based on 9 ratings, average PT is $17.22 with a 24.66% upside from current levels. Historical target deviation suggests even more headroom; the average forecast upside since Q1 has hovered around 67%.
Iβm leaning long with conviction while shorts are still leaning against it. Momentum has shifted to the bulls, and the Nvidia-correlated move across the sector (Nano-X, RXRX, Serve Robotics, CoreWeave) only strengthens the correlation trade. With Nvidia in breakout mode, the rising tide may finally trigger the squeeze here.
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Yup a really great thesis. The TA part I'm not familiar but on the secured revenue stream and outlook of the business segment looks impossible to fail short term. What's more if it takes a turn and become a reit. This stocks can become a blue chip. So many possibilities because it can..$APPLIED DIGITAL CORP(APLD)$
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Great article, would you like to share it?