What Applied Digital does
Applied Digital Corporation (Nasdaq: APLD) develops, owns, and operates purpose-built, high-performance data center “AI Factories” designed to convert large amounts of power into operational compute capacity for AI, machine learning, and other high-performance computing (HPC) workloads. The company emphasizes execution at scale—designing campus-style facilities with integrated power, advanced cooling, and long-term site control—then deploying capacity in phases as customer demand materializes.