APLD
Applied Digital Corporation
APLD trails on the overall score without a compensating advantage in the available component scores.
NVDA
NVIDIA Corporation
NVDA has the edge over APLD overall, supported by stronger valuation and lower modeled downside.
APLD Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Weak | |
| Weak | |
| Weak |
APLD's revenue is currently strong, but its profitability, cash flow and balance sheet are weak.
NVDA Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
NVDA's revenue, profitability, cash flow and balance sheet are all currently strong.
APLD PE Valuation
APLD has no meaningful PE right now: it lost money over the past year.
NVDA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 12x | $166 | — |
| Current | 21x | $166 | — |
| Cheap | 44x | $345 | +108% |
| Fair | 65x | $511 | +207% |
| Expensive | 93x | $734 | +342% |
Historical ranges are pointers, not guarantees.
NVDA's PE is in its cheap range at 21x. If earnings grow as analysts expect, today's price would be 12x next year's earnings.
APLD Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect APLD's losses to grow, with revenue growing. However, they disagree widely on these estimates.
NVDA Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Weakening | |
| Broad | |
| Moderate |
Analysts expect strong earnings and revenue growth for NVDA, but weaker profitability.
APLD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.66 | -$0.53 |
| Q2 2026 | -$0.91 | +$0.18 |
| Q1 2026 | -$0.74 | +$0.68 |
| Q4 2025 | -$0.54 | +$1.24 |
| Q3 2025 | -$1.13 | +$0.09 |
| Q2 2025 | -$1.09 | +$0.22 |
| Q1 2025 | -$1.42 | -$0.61 |
| Q4 2024 | -$1.78 | -$1.41 |
APLD lost $1.66 per share over the past year, and its loss has widened in each of the last three quarters.
NVDA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.77 | +74% |
| Q3 2026 | $7.91 | +125% |
| Q2 2026 | $6.53 | +111% |
| Q1 2026 | $4.90 | +67% |
| Q4 2025 | $4.03 | +59% |
| Q3 2025 | $3.51 | +65% |
| Q2 2025 | $3.10 | +81% |
| Q1 2025 | $2.94 | +147% |
| Q4 2024 | $2.54 | +234% |
NVDA has the edge over APLD on earnings quality, reporting a profit while its opponent remains loss making.
APLD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $341.9M | +432% |
| Q2 2026 | $258.7M | +407% |
| Q1 2026 | $126.6M | +139% |
| Q4 2025 | $126.6M | +98% |
| Q3 2025 | $64.2M | +5.8% |
| Q2 2025 | $51.1M | +17% |
| Q1 2025 | $52.9M | +22% |
| Q4 2024 | $63.9M | +51% |
APLD's revenue has grown year over year for 19 quarters in a row: $342M last quarter, up 432% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -18% | +17 points |
| Q2 2026 | -48% | +38 points |
| Q1 2026 | -68% | -32 points |
| Q4 2025 | -24% | +4.7 points |
| Q3 2025 | -35% | -50 points |
| Q2 2025 | -86% | -23 points |
| Q1 2025 | -36% | +93 points |
| Q4 2024 | -29% | -9.8 points |
APLD's operating margin was −18% last quarter, up 16 points from the same quarter a year ago.
NVDA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $96.2B | +106% |
| Q2 2026 | $81.6B | +85% |
| Q1 2026 | $68.1B | +73% |
| Q4 2025 | $57B | +62% |
| Q3 2025 | $46.7B | +56% |
| Q2 2025 | $44.1B | +69% |
| Q1 2025 | $39.3B | +78% |
| Q4 2024 | $35.1B | +94% |
NVDA has the edge over APLD on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 66% | +5.4 points |
| Q2 2026 | 66% | +17 points |
| Q1 2026 | 65% | +3.9 points |
| Q4 2025 | 63% | +0.8 points |
| Q3 2025 | 61% | -1.2 points |
| Q2 2025 | 49% | -16 points |
| Q1 2025 | 61% | -0.5 points |
| Q4 2024 | 62% | +4.9 points |
NVDA has the edge over APLD on profitability, with a higher operating margin.
APLD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$2B | -$1.7B |
| Q2 2026 | -$1.2B | -$965.1M |
| Q1 2026 | -$720.2M | -$468.6M |
| Q4 2025 | -$567.9M | -$344.6M |
| Q3 2025 | -$331.4M | -$200.8M |
| Q2 2025 | -$191.4M | -$102.5M |
| Q1 2025 | -$251.6M | -$249.3M |
| Q4 2024 | -$223.3M | -$214.6M |
APLD has burned cash in most quarters: −$4.5B over the past year, against −$998M the year before.
NVDA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $21.4B | +59% |
| Q2 2026 | $48.6B | +86% |
| Q1 2026 | $34.9B | +124% |
| Q4 2025 | $22.1B | +32% |
| Q3 2025 | $13.5B | -0.3% |
| Q2 2025 | $26.2B | +75% |
| Q1 2025 | $15.6B | +38% |
| Q3 2024 | $13.5B | +113% |
NVDA has the edge over APLD on cash generation, producing positive trailing cash flow while its opponent burns cash.
APLD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +5.9% | +16.4M shares |
| 1 year | +14% | +35.7M shares |
| 3 years | +210% | +198M shares |
| 5 years | +19195% | +290M shares |
APLD has 292M diluted shares, up 14% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
NVDA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -106M shares |
| 1 year | -1% | -247M shares |
| 3 years | -2.8% | -705M shares |
| 5 years | -4.1% | -1B shares |
| Available history | -1.8% | -435M shares |
NVDA has the edge over APLD on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $19.7B |
| Q2 2026 | $19.3B |
| Q1 2026 | $3.8B |
| Q4 2025 | $12.5B |
| Q3 2025 | $9.7B |
| Q2 2025 | $14.1B |
| Q1 2025 | $7.8B |
| Q4 2024 | $11B |
NVDA spent $55.3B buying back its own shares over the past year, up 30% from the year before.
APLD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2025 | 25.6x | High |
| Q1 2025 | -1.1x | Net Cash |
| Q4 2024 | -10.7x | Net Cash |
| Q3 2024 | -2.2x | Net Cash |
APLD's net debt is more than 20 years of its operating earnings (EBITDA).
NVDA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.1x | Very low |
| Q2 2026 | -0.0x | Net Cash |
| Q1 2026 | -0.0x | Net Cash |
| Q4 2025 | -0.0x | Net Cash |
| Q3 2025 | -0.0x | Net Cash |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.0x | Very low |
| Q4 2024 | -0.0x | Net Cash |
NVDA's net debt is less than a year of its operating earnings (EBITDA), after holding more cash than debt a year ago.
APLD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.9 | Neutral |
| Stochastic | 11.8 | Oversold |
APLD's weekly RSI is 35 (neutral) and its Stochastic is 12 (oversold).
NVDA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 33.4 | Neutral |
| Stochastic | 18.1 | Oversold |
NVDA's weekly RSI is 33 (neutral) and its Stochastic is 18 (oversold).
APLD PE vs Technology Sector
APLD has no meaningful PE right now: it lost money over the past year.
NVDA PE vs Technology Sector
| Metric | NVDA | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 28x | 25% below |
| PE % | 0 | 35 | 35 pts below |
NVDA is trading at 21x earnings, a 25% discount to the Technology sector's median of 28x.
APLD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $20.2 | 16% below |
| 20 week MA | $25.0 | 32% below |
| 50 week MA | $30.2 | 44% below |
| 100 week MA | $21.8 | 22% below |
| 200 week MA | $13.6 | 24% above |
APLD has fallen below most of its moving averages, though it's still 24% above its 200-week average.
NVDA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $208.9 | 20% below |
| 20 week MA | $212.0 | 22% below |
| 50 week MA | $199.9 | 17% below |
| 100 week MA | $175.1 | 5.1% below |
| 200 week MA | $123.6 | 34% above |
NVDA has fallen below most of its moving averages, though it's still 34% above its 200-week average.
APLD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2022 | $4.78 | $1.92 | -60% |
| 2023 | $1.92 | $6.74 | +251% |
| 2024 | $6.74 | $8.39 | +24% |
| 2025 | $8.39 | $24.1 | +187% |
| 2026 YTD | $24.1 | $17.0 | -30% |
APLD's yearly returns have swung widely, from +251% in 2023 to −60% in 2022. It's down 30% so far in 2026.
NVDA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $5.92 | $13.0 | +119% |
| 2021 | $13.0 | $29.6 | +128% |
| 2022 | $29.6 | $15.2 | -49% |
| 2023 | $15.2 | $49.5 | +226% |
| 2024 | $49.5 | $137.0 | +177% |
| 2025 | $137.0 | $190.5 | +39% |
| 2026 YTD | $190.5 | $166.2 | -13% |
NVDA has the edge over APLD on returns for 2026, with the stronger performance.