Applied Digital joined the Russell 1000 and Russell Midcap indexes following the annual Russell US Indexes reconstitution. This change took effect after the market closed on June 26, 2026.
The company was simultaneously removed from the Russell 2000 and Russell Microcap indexes. This transition to large-cap benchmarks reflects Applied Digital's significant growth in market capitalization.
The inclusion is expected to increase visibility among institutional investors. It may also drive higher demand for shares from passive and active funds tracking these benchmarks.