From IPO to Now: How a 100-Share Bet on Applied Digital Could’ve Made (or Broken) You

Applied Digital’s IPO was either a golden ticket or a cautionary tale—depending on when you cashed out. Here’s the brutal math.

The Hype vs. The Reality

Tech IPOs promise moon shots, but few deliver. Applied Digital’s debut had speculators drooling, but did it actually print money for early believers?

The Cold Hard Numbers

No sugarcoating: if you grabbed 100 shares at the IPO price and held through the volatility, your portfolio either screams "genius" or "never again." (Spoiler: It’s probably the latter.)

A Masterclass in Market Whiplash

From peak to trough, this stock cut deeper than a crypto winter. Bulls got rich—or wrecked—on the same ticker. Classic Wall Street roulette.

The Bottom Line

Another reminder that IPOs are just VC exit liquidity in disguise. Hope you timed your sell order better than your morning coffee.

Image source: Getty Images.

Compared to Applied Digital's stock price at market close on the day of its public debut, the company's share price is now up roughly 205%. That means that an investor who purchased 100 shares of the company's stock at its IPO would now be sitting on a position worth roughly $1,480. Read on for a closer look at the data center specialist's big performance drivers across the stretch and what's on the horizon for the business.

How did Applied Digital stock deliver big gains -- and what comes next?

Applied Digital got its start as a company that was focused on blockchain and cryptocurrency mining operations. Luckily for the company, the key graphics processing unit (GPU) hardware that is useful for mining cryptocurrencies is also at the heart of processing for artificial intelligence (AI) model training.

With the AI revolution gaining steam in recent years, Applied Digital stock has seen a strong uptick in bullish momentum. Applied Digital stock also saw big gains in November 2024 in conjunction with news thathad taken an investment position in the company. While the company's share price has seen high levels of volatility since its public debut, shares are up roughly 282% over the last year of trading.

Applied Digital stock has recently seen big gains thanks to news thathas opted to exercise an option that it had to expand data center licensing through the company. With CoreWeave ramping up its data center utilization, Applied Digital's growth outlook has become much stronger.