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Applied Digital (APLD) faces a funding gap as its stock price fell 34% over the past year, a period when the S&P 500 rose 21%.
The company’s strategy relies on borrowing to build artificial intelligence data centers, a model that has widened its losses as construction costs mount.
Reuters reported on October 7, 2026, that the company posted a wider loss due to increased investment in construction.
During the fiscal Q1 2027 earnings call held that same day, an analyst highlighted the challenging bond market environment and questioned executives on future funding options.
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