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Barchart
Barchart
Aanchal Sugandh

As Nvidia Ditches Applied Digital Stock, Should You?

Applied Digital Nvidia APLD Roth Capital

Applied Digital Corporation (APLD) is standing squarely at the epicenter of the artificial intelligence (AI) surge. As a developer and owner of AI-focused data centers, the company is riding the infrastructure wave that powers the boom. In just the past year, the stock delivered a three-digit return, firmly placing it among the year’s standout performers. 

However, on Wednesday, Feb. 18, APLD stock slipped 4.9% after SEC filings revealed that NVIDIA Corporation (NVDA) had sold its entire stake. The AI chip maker had originally invested in 2024, and it previously held 7,716,050 shares valued at approximately $177 million. But markets notice when a technology titan exits. 

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