Reported 17 days ago
Jensen Huang, CEO of Nvidia, emphasizes the urgent need for data centers to support the rapid growth of artificial intelligence (AI), projecting market expansion from $279.2 billion to nearly $3.5 trillion by 2033. Applied Digital (APLD) is positioned to meet this demand with its next-generation digital infrastructure. The company's stock has surged 375% in the last year, driven by a significant increase in data center construction and strategic power sourcing in cooler climates. After reporting an 84% revenue increase, APLD has received strong analyst support, making it a recommended stock to buy as the demand for AI power solutions grows.
Source: YAHOO