Could Applied Digital Be the Best Under-The-Radar AI Stock?

The data center operator deserves a bit more attention. Applied Digital (APLD 1.36%), a builder of big data centers, has been a major beneficiary of the artificial intelligence (AI) boom over the past few years. It originally rented out its centers to Bitcoin miners and other blockchain firms, but it pivoted toward serving the high-performance computing, AI, and machine learning markets in late 2022. Applied Digital stock went public at $5 on April 13, 2022, and its share price set an all-time high of $12.4 ...