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Barchart
Barchart
Sushree Mohanty

This Small AI Infrastructure Company Is Landing Billion-Dollar Contracts

Applied Digital APLD

Artificial intelligence (AI) has sparked a new gold rush across the tech industry. Even smaller infrastructure players are landing billion-dollar contracts. Among them is Applied Digital (APLD), which has grown from a relatively small data center operator to one of the market's most carefully watched AI infrastructure providers. Recently, it landed a 15-year lease worth about $5.2 billion with a U.S.-based investment-grade hyperscaler, validating its business model. In a highly competitive semiconductor industry, winning your client’s trust with long-term contracts is a competitive advantage.

APLD stock has surged a massive 88% year-to-date (YTD), outperforming most tech heavyweights and the overall market. Let’s find out if Applied Digital's stock is a good buy now.

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