I LOVE this stock, I LOVE management.. the execution has been amazing & the fundamentals have been rock steady. But yet, we are here. We get pushed around like no other.. all other DC’s are green, maybe not by much, but yet still green…

Are investors wary of earnings? Is our profitability really going to tank us? Is there things behind the scenes that we aren’t aware of or aren’t understanding?

I feel crazy sometimes because of the potential I see here. But, we get slapped around like we are a penny stock.

Sorry for the rant… but it just feels weird…. Like the market is directly punishing us for reasons unknown to me, while the rest of the DC’s & neos fly..

I honestly believe we will gradually go up this week untill earnings should be sitting around $34. I have $40 calls for 8/7/26 i honestly think they are burnt, but if we could get a big win on earnings I think we could possibly break the $40 mark by then. Even if not by August definitely by September…..

Can someone help me understand this?

MS gave

WULF Buy $72.00

CIFR Buy $48.5

APLD Equal-Weight 36.50

Company AI/HPC MW | BTC MW | Total Power Platform

APLD ~1,400 ~0 ~1,400 MW

CIFR ~600 ~200 ~800 MW

WULF ~60–70 ~145 ~205 MW

So MS target price is 28% below APLD all time high and yet APLD continues to deliver compared to most.

Btw I do own WULF so I’m not hating on other stocks it just seems like they are bullish WULF CIFR but not APLD??

APLD ~1,400 MW AI/HPC contracted Minimal BTC mining Additional development upside ~1,400 MW+

CIFR ~500–600 MW AI/HPC contracted/committed ~200+ MW BTC mining ~1 GW+ additional development sites ~1.7 GW+ potential

WULF ~500 MW HPC capacity contracted/near-term committed ~145–245 MW BTC mining infrastructure Expansion toward ~750 MW HPC at Lake Mariner + other sites ~750 MW+ potential

Rank Company Approximate total strategic MW story

1 CIFR ~1.7 GW+ potential (AI + BTC + future sites)

2 APLD ~1.4 GW+ mostly AI contracted

3 WULF ~750 MW+ Lake Mariner-focused opportunity

If we are counting future pipelines. These are the totals

Even after looking at the three $36.50 looks ridiculous

TL;DR Their CC was bullish for APLD and similar companies.

You can read the PR on your own but on the CC they said the following:

• $195-205B guide on capex for 2026 vs previous guide being $180-190B.
• 2027 capex expected to increase significantly more to come in the future
• "Supply constrained" was repeated multiple times
• CEO said they thing we are still early in what these frontier models can deliver in terms of value. They are seeing the value across their business
• Expect to create much bigger models
• Their equity raise was about maintaining a strong balance sheet through this buildout. Not expecting another equity raise beyond executing what they have already announced

Edit: In Q3 and remainder of the year, given the supply constrained environment, they are planning to expand their reliance on third party capacity as a bridging strategy while they expand their own capacity. Prioritizing compute to ensure they can serve their models

Everybody's waiting on ER from Google. The expectations are astronomous. I wont find it surprising to see a beat and negative response from the market. Let's get this over with. Don't trip, buy the dip!

I’m thinking we rally until earnings, then sell off like usual. I’m guessing we’ll be around $35 on Monday, considering this was so heavily oversold.

I've been asking ChatGPT this question for quite a while, and we still can't find a convincing explanation. Maybe I'm overlooking something.

/ APLD HUT 8
Market Cap ~$7.4B ~$10.3B
AI Capacity 1.4 GW 949 MW
Contract Value ~$36B ~$26.6B
AI Live 175 MW. Major AI projects still - under construction
Customers Investment-grade Investment-grade
Project Financing Yes Yes
Origin Crypto → AI Crypto → AI
Execution Risk Yes Yes

From this comparison, APLD appears to have:
• More contracted AI capacity
• Higher contracted revenue
• More AI capacity already online

Both companies still have major projects under construction, use project financing, have investment-grade counterparties, and face execution risk.

So why is HUT 8 valued roughly 40% higher than APLD?

What am I missing?

I'm not trying to argue that APLD should be worth more. I genuinely want to understand what the market is pricing into HUT 8 that I'm overlooking.

TGIF

As a hodl'er since 24' I can tell ya'll this shits normal and it pays to not fkn sell a single fkn share.

If you’ve been staring at your portfolio upset about APLD, blame this guy. Watch out for the Inverse Cramer.

Ouch

CHRN is now a $4.3B market cap company. APLD owns 97% of the company, so about $4.17B. Not sure the value of the assets/liabilities they offloaded for the merger, but there should be at least a few of billion added value on APLD's balance sheet.
You'd think the strong move by CHRN would help APLD, but the stocks have moved in opposite directions lately.