Think It's Too Late to Buy Applied Digital Stock? Here's 1 Reason Why the Rally May Continue.

Applied Digital (NASDAQ: APLD) is a leading designer and builder of data centers that has seen its stock rocket around 250% year to date at the time of writing. It's normal to look at a monster run like that and believe you missed the boat, but there's one reason investors should look at the stock's climb as a signal to get on board.Image source: Getty Images.The stock jumped in early June when Applied Digital announced a deal to provide 250 megawatts worth of data center capacity for leading artificial intelligence (AI) hyperscaler CoreWeave. This will generate about $7 billion in revenue for the company over a 15-year term.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool