Applied Digital Rises 69% in a Month: Buy, Sell or Hold the Stock?

Applied Digital Corporation’s (APLD) shares have surged 69.4% over the past month after declining till mid-April. The decline in its share price was not due to micro-factors but industry-specific headwinds, as certain hyperscalers were cancelling their leases during the first quarter of 2025. However, calendar-year first-quarter earnings commentary by industry leaders, including Microsoft (MSFT) and Meta Platforms (META) , signaled accelerating demand across hyperscale, colocation and AI workloads despite m ...