{
 "ticker": "APLD",
 "name": "Applied Digital",
 "url": "https://grantbishop.pages.dev/index/APLD",
 "sells": "Applied Digital builds and leases data centers that house high-powered computing equipment for artificial intelligence customers.",
 "why": "We follow it because its business is artificial intelligence itself.",
 "questions": [
  {
   "slug": "ai-itself",
   "question": "Whose business is AI itself?",
   "url": "https://grantbishop.pages.dev/index/q/ai-itself"
  }
 ],
 "tests": [
  {
   "id": "W-6",
   "claim": "Spending on the AI build is running ahead of the revenue it produces.",
   "url": "https://grantbishop.pages.dev/claims/ai-spending-ahead-of-revenue"
  }
 ],
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  "period": "2026-08-31",
  "url": "https://www.sec.gov/Archives/edgar/data/1144879/000114487926000059/apld-20260831.htm"
 },
 "disclosed": [],
 "check": "Checked against the company's own business description in its latest annual filing.",
 "log": [
  {
   "date": "2026-10-19",
   "note": "Entry rewritten in plain words: what the company sells, and why we follow it."
  },
  {
   "date": "2026-10-12",
   "note": "Verified against the 10-Q filed 2026-10-07 at launch."
  }
 ],
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 "note": "Prices on this page are dated market records, shown free during the preview, each confirmed by two independent data providers. None is a recommendation.",
 "license": "Free to cite with a link."
}