Could Applied Digital Be the Best Under-The-Radar AI Stock?

Applied Digital (NASDAQ: APLD), a builder of big data centers, has been a major beneficiary of the artificial intelligence (AI) boom over the past few years. It originally rented out its centers to Bitcoin miners and other blockchain firms, but it pivoted toward serving the high-performance computing, AI, and machine learning markets in late 2022.Applied Digital stock went public at $5 on April 13, 2022, and its share price set an all-time high of $12.48 on Feb. 21, 2025. But over the two months that followed, the price plummeted nearly 70% to less than $4 as the Trump administration's unpredictable tariff policies, the escalating trade war, and other macroeconomic headwinds curbed the market's appetite for higher-growth AI stocks.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool