Applied Digital

Applied Digital is a challenger in the AI & Data Center segment of the semiconductor & AI supply chain, headquartered in United States. Its key suppliers include NVIDIA, Dell Technologies, Super Micro Computer. Its key customers include Amazon (Annapurna Labs), Microsoft, Alphabet (Google).

AI data-center developer and GPU cloud (HPC hosting) provider.

Ticker
NASDAQ: APLD
Headquarters
United States
Revenue
$611M (FY2026) · +323.9% YoY
Net income
$-184M
Operating margin
-38.7%
Market position
challenger
Value-chain segment
Data Center Operators (Colo), GPU Clouds (Neoclouds)
Key products
GPU cloud compute (Sai Computing), build-to-suit data centers

About Applied Digital

Applied Digital, headquartered in United States, operates in the Data Center Operators (Colo) and GPU Clouds (Neoclouds) segments of the semiconductor & AI supply chain and is positioned as a market challenger there. Its key products include GPU cloud compute (Sai Computing), build-to-suit data centers. wafergraph maps 7 tracked suppliers and 5 tracked customers for Applied Digital across the value chain. It has a supply-chain criticality score of 7/100, with 19 companies downstream of it.

Role in the chain

Applied Digital is a market challenger in AI & Data Center (Data Center Operators (Colo)), headquartered in United States. AI data-center developer and GPU cloud (HPC hosting) provider.

Diligence questions

  1. The dataset records 7 tracked suppliers for Applied Digital. Which of those edges are researched (named in a filing or primary source) versus segment-inferred, and what happens if one of them stops shipping?
  2. 5 of Applied Digital's tracked suppliers are a monopoly or leader (including Dell Technologies, Delta Electronics, NVIDIA, Schneider Electric). Which of those are actually single-source for the process step you care about?
  3. The dataset names 5 tracked customers for Applied Digital. How concentrated is demand among those names, and which of them have a documented second source in this graph?
  4. Applied Digital is headquartered in United States. What jurisdiction, export-control or logistics risk sits at that HQ, versus at the fabs or plants the filings actually name?
  5. Applied Digital trades as NASDAQ:APLD. What does the latest reported period say about capacity and backlog versus the graph position above?
  6. Before treating any edge as a verified relationship, check the provenance labels on the company page and the method note at /methodology.

Full diligence pack for Applied Digital

Key products

  • GPU cloud compute (Sai Computing)
  • build-to-suit data centers

Suppliers

Customers

More AI & Data Center companies

Compare with

Oracle · NTT · American Tower · CoreWeave · Iron Mountain · IREN

Sources

Open the interactive supply-chain view →

Cite as: wafergraph, “Applied Digital — supply chain, financials & market position”, https://wafergraph.com/company/applied_digital (data as of 2026-09-05).

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