From The Motley Fool · Marc Guberti · · 50s
Applied Digital Insiders Buy More Shares
Applied Digital insiders bought $6.7m of shares as AI stock slides.
In brief
Applied Digital insiders bought $6.7m of shares as AI stock slides. Applied Digital insiders purchased $6.7 million in shares despite the stock dropping 30% in a month. Originally reported by The Motley Fool.
Insider buying activity
Applied Digital insiders bought $6.7 million of shares on Oct. 16.
Stock performance
Applied Digital stock dropped 30% over the past month despite insider buying.
AI revenue growth
Applied Digital revenue surged 322% year over year to $341.9 million.
CoreWeave contract
CoreWeave has 15-year leases valued at up to $11 billion in revenue.
Megawatt pricing
Applied Digital secures $1.83 million per megawatt annually for its facilities.
Nebius comparison
Nebius earns $40 million to $50 million per megawatt annually on short-term deals.
Future outlook
Applied Digital may benefit from rising megawatt prices but faces long-term contract risks.
At a glance
Applied Digital insiders purchased $6.7 million in shares despite the stock dropping 30% in a month.
