AP APLD Applied Digital Corporation Loading... : Investor Sentiment and Bull/Bear Views

The author says he bought puts on Applied Digital (APLD) yesterday, framing it as a contrarian move against someone here who said to buy calls. The stated rationale is only the contrarian sentiment signal, not a fundamental bearish case; the position is a bearish options bet on the underlying.

The author states they bought APLD. The disclosure is a current own purchase without a stated catalyst or risk.

The author argues APLD is systematically undervalued because it has about 600MW coming online fully financed, expected to produce over $1B in yearly revenue at an 89% NOI margin from Q2 2027, while most debt matures after 2030. He says Meta contracts reduce the customer-concentration risk from CoreWeave and Oracle, and that APLD has a larger financed and delivered MW base and contract backlog than Hut8 despite Hut8's higher market cap. The stated risk is the market's concern over APLD's customer concentration and the additional debt needed to fund Meta sites; he expects 2028 to provide clearer evidence on margins and debt coverage.