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Barchart
Barchart
Yiannis Zourmpanos

A $7.5 Billion Reason to Buy Applied Digital Stock Here

Applied Digital APLD

Applied Digital (APLD) has recently become one of the hottest artificial intelligence (AI) infrastructure stocks to track. Most recently, following news that the company inked an important long-term deal with a hyperscaler, APLD stock surged by more than 12% on April 23.

There's little doubt that the AI data center sector is here to stay and that hyperscalers will be securing capacity for several years down the road. Indeed, it looks like companies with the capability and wherewithal to do so enjoy premium valuations. That appears to be the case for Applied Digital as well.

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