Applied Digital vs Keppel DC REIT

Both are primarily Data Center Operators (Colo) companies. Applied Digital is larger by market cap ($6.9B vs $4.6B). Applied Digital reports higher tracked revenue ($611M vs $346M).

Shared segment: AI & Data Center.

Side-by-side

Applied DigitalKeppel DC REIT
Market cap$6.9B$4.6B
Revenue$611M (FY2026)$346M (FY2025)
Primary segmentData Center Operators (Colo)Data Center Operators (Colo)
Market positionchallengerniche
CountryUnited StatesSingapore
Tracked suppliers74
Tracked customers55
Chokepoint / criticality7/1006/100

Market caps/revenue from the wafergraph dataset · data as of 2026-09-16. Criticality is a graph-derived chokepoint score (0–100). Coverage is partial; "Unpriced" means no reliable market cap.

How Applied Digital and Keppel DC REIT compare

  • Size: Applied Digital is the larger company by market cap.
  • Revenue: Applied Digital reports higher tracked revenue.
  • Supply-chain criticality: Applied Digital has the higher chokepoint score (7/100 vs 6/100).
  • Footprint: Applied Digital (United States) vs Keppel DC REIT (Singapore).

Company hubs

Applied Digital · Keppel DC REIT · AI & Data Center segment

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Cite as: wafergraph, “Applied Digital vs Keppel DC REIT”, https://wafergraph.com/compare/applied_digital-vs-keppel_dc (data as of 2026-09-16).