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Barchart
Barchart
Sushree Mohanty

Is This Nvidia-Backed AI Stock a Buy Before It Soars 177%?

Nvidia Applied Digital APLD CoreWeave North Dakota

When Nvidia (NVDA) backs a company, investors pay attention. It is not just because of its market leadership in artificial intelligence (AI) chips but because Nvidia sits at the center of the entire AI ecosystem. Its capital tends to flow toward infrastructure that can support the next wave of large-scale AI deployment. One lesser-known AI infrastructure company has quietly earned the backing of Nvidia, reflecting its long-term potential in a rapidly expanding AI market.

Nvidia’s recent 13F filing revealed that it had invested $177 million (at the time of disclosure) in Applied Digital (APLD). Valued at $10.6 billion, Applied Digital stock soared 309% last year and is up 43% so far this year. Wall Street views this AI stock as a “Strong Buy” with meaningful upside ahead.

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