APLD Stock Significantly Beats Industry So Far in June: Is It a Buy?

Key Takeaways Applied Digital Corporation's (APLD) shares have surged 52% so far in June, significantly outperforming the Financial - Miscellaneous Services industry's increase of 9.3%. The upside can be attributed to the rising demand for AI services as well as the company's progress with its infrastructure. APLD recently entered into two approximately 15-year lease agreements with the AI hyperscaler, CoreWeave. Moreover, calendar-year first-quarter earnings commentary by industry leaders, including Micros ...