Macquarie Financing, Hyperscaler Deals, and What Comes Next
Applied Digital Corporation (NASDAQ: APLD) is heading into the final week of 2025 with two things Wall Street loves (and fears): a giant AI narrative and a balance-sheet story that can flip sentiment in a single headline.
As of Friday, December 26, 2025, APLD traded around $25.72 with a market capitalization near $7.18 billion. That price sits in the middle of a month defined by sharp, headline-driven swings—exactly what tends to happen when a company is simultaneously building out massive AI data center capacity and raising capital to fund it.
Below is a full, up-to-date wrap of what’s moving Applied Digital stock right now, what analysts are forecasting, and what investors will be watching next.
