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Jim Cramer on Applied Digital: A $7.5 Billion Contract Isn’t Enough Without Profits
Key takeaways
- Applied Digital reported $126.64 million in Q3 2026 revenue, up 139% Yo Y, but posted a $100.9 million net loss and has $2.7 billion in debt against $2.1 billion cash.
- APLD shares gained 630% in the past year and trade at a forward P/E of 526, signaling Wall Street’s bullish view contradicts Cramer’s skepticism on profitability timing.
- The analyst who called NVIDIA in 2010 just named his top 10 stocks and Applied Digital wasn t one of them.
Jim Cramer on Applied Digital: A $7.5 Billion Contract Isn’t Enough Without Profits Omor Ibne Ehsan Sun, May 3, 2026 at 10:11 PM GMT+7 3 min read APLD NVDA EKSO Quick Read Jim Cramer said no to Applied Digital (APLD) despite its $7.5 billion Core Weave contract, arguing the company is unprofitable while competitors generate earnings.
Applied Digital reported $126.64 million in Q3 2026 revenue, up 139% Yo Y, but posted a $100.9 million net loss and has $2.7 billion in debt against $2.1 billion cash.
APLD shares gained 630% in the past year and trade at a forward P/E of 526, signaling Wall Street’s bullish view contradicts Cramer’s skepticism on profitability timing.
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