Applied Digital's AI Run Sends This ETF Into Overdrive

Group 1 - Applied Digital Corp (APLD) has transitioned from crypto-focused data centers to "AI Factories," becoming a significant player in high-performance AI infrastructure [1][2] - The stock has surged over 265% in the past year, nearing 52-week highs, following a new lease deal with CoreWeave that secures about $11 billion in future revenue [2] - APLD's recent performance has led to increased interest in the Tradr 2X Long APLD Daily ETF (APLX), which aims to provide double the daily returns of APLD [3][4] Group 2 - APLX has gained approximately 185% since its low on September 9, reflecting the volatility and trading opportunities associated with APLD [4] - In the last five trading days, APLX has jumped nearly 60%, driven by APLD's breakout following the CoreWeave agreement [5] - APLX has a 0.95% expense ratio, aligning it with other specialty leveraged ETFs, appealing to traders seeking tactical tools rather than long-term investments [6] Group 3 - APLX's gains highlight the market's enthusiasm for APLD's shift into AI infrastructure and its connection with industry leaders like Nvidia [7] - The leveraged nature of APLX presents risks, as declines in APLD could quickly erase recent gains, emphasizing the volatility of the investment [7] - APLX serves as a high-energy alternative for traders looking to capitalize on APLD's significant stock movements [8]