Jim Cramer on Applied Digital: “I’m Going to Bless It”

Core Insights - Applied Digital Corporation (NASDAQ:APLD) has shown strong revenue growth and a year-to-date gain of over 300% [1] - The company designs, builds, and operates data centers for high-performance computing and AI workloads [2] - Despite its potential, APLD is currently unprofitable, which raises concerns compared to more profitable competitors like NVIDIA [2] Group 1: Company Performance - APLD has a significant year-to-date stock gain exceeding 300% [1] - The company is recognized for its strong customer contracts and leasing arrangements [1] - Cramer describes APLD as "hot" and acknowledges its impressive customer base [1] Group 2: Industry Context - APLD operates in the high-performance computing sector, which is experiencing substantial growth [2] - The company is viewed as a speculative investment due to its lack of profitability [2] - There are suggestions that other AI stocks may offer better upside potential with less risk [2]