RE: Happy chappy28 Jun 2023 11:39
APLD just announced a $125,000,000 at-the-market Shelf Offering via Craig-Hallum. Add that to the two other Shelf Offerings already approved (55 million shares) for selling Insiders and you have a huuuge overhang on the stock.
APLD needs a ton of cash, like $750M, if they really need to buy '26,500' GPU's. NVDA's best AI chip, the H100, is backordered forever and trade on the resale market for $30,000 each.
So count on heavy dilution from continuous stock sales as this company struggles to expand their installed capital equipment. Everyone's discovering that AI don't come cheap.