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Aditya Raghunath

Famous Hedge Fund Tiger Global Opened a New Position in This 1 AI Stock

Applied Digital Tiger Global Tiger United States APLD Wes Cummins

Tiger Global Management, one of the world's largest hedge funds, remains bullish on artificial intelligence (AI) stocks. In its latest 13F filing with the U.S. Securities and Exchange Commission (SEC), Tiger Global bought 885,000 shares of Applied Digital (APLD).

Applied Digital builds and operates data centers built for AI workloads, the demand for which has been surging. Tiger's stake in APLD stock is worth $33 million and accounts for 0.14% of the firm’s total portfolio.

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