Cheetah Mobile's 15min chart shows KDJ Death Cross, bearish Marubozu signal.

According to Cheetah Mobile's 15-minute chart, a KDJ Death Cross and Bearish Marubozu pattern has emerged as of September 23rd, 2022, at 11:00. This indicator signals a shift in the momentum of the stock price towards a downward trend, with potential for further decline. Sellers currently dominate the market, and this bearish momentum is expected to continue.

Applied Digital (APLD) has experienced a remarkable turnaround in its stock price over the past two weeks, rebounding by 70% despite earlier volatility and market concerns. The company's shares, which had fallen sharply in early September due to insider selling and competitive pressures in the AI infrastructure market, have staged a remarkable recovery. This rebound was primarily driven by a new leasing agreement with CoreWeave, which boosted the company's projected revenue and reaffirmed confidence in its competitive standing APLD Stock Soars 70% in 2 Weeks Amid Tech Infrastructure Momentum^[1].

The agreement with CoreWeave has significantly strengthened APLD's foothold in blockchain hosting and high-performance computing (HPC), positioning it in closer competition with names like Core Scientific and TeraWulf. This deal was a catalyst for the stock's impressive 37% rally, lifting shares back above $18 and adding nearly $2 billion to its market capitalization, now standing at $6.3 billion APLD Stock Soars 70% in 2 Weeks Amid Tech Infrastructure Momentum^[1].

Despite the recent momentum, concerns about valuation remain a headwind. APLD's price-to-sales ratio of 13.5x is significantly above the industry average of 3.5x, leaving the stock vulnerable to profit-taking. However, investor appetite for AI infrastructure remains strong, as evidenced by developments such as Super Micro Computer’s Nvidia-powered Blackwell systems and Oracle’s landmark deal with OpenAI APLD Stock Soars 70% in 2 Weeks Amid Tech Infrastructure Momentum^[1].

To sustain momentum, APLD has unveiled ambitious expansion plans. The $3 billion Polaris Forge 2 data center project in North Dakota, spanning 900 acres and delivering 280 MW of power, is slated for completion in 2027. The facility is expected to employ over 200 staff and could serve as a cornerstone of long-term growth APLD Stock Soars 70% in 2 Weeks Amid Tech Infrastructure Momentum^[1]. Additionally, the company is in discussions with a major U.S. hyperscaler, which could provide additional stability and credibility in the years ahead.

APLD's latest quarterly results exceeded expectations, with a loss per share of only $0.03 compared to estimates of a $0.14 loss. Improved performance was driven by tighter cost controls and stronger operating efficiency, further bolstering investor optimism APLD Stock Soars 70% in 2 Weeks Amid Tech Infrastructure Momentum^[1].

In summary, Applied Digital's rollercoaster month underscores the balance between opportunity and risk in the AI infrastructure race. Insider sales and elevated valuations stirred doubt, but the CoreWeave deal, ambitious expansion plans, and resilient earnings have revived confidence in its growth trajectory. With shares now trading above $23, APLD is once again commanding investor attention as it pursues bold long-term goals.