Think It's Too Late to Buy Applied Digital Stock? Here's the 1 Reason Why There's Still Time.

Applied Digital stock has soared thanks to multibillion-dollar deals this year.Data centers are in high demand due to the growth of artificial intelligence (AI), and Applied Digital (APLD +4.21%) has benefited from that. The company, which builds and operates data centers, has seen its share price increase 269% on the year (through Dec. 1).That kind of outsized growth sometimes scares off investors, who don't want to buy at the peak. But Applied Digital could still have plenty of room to run. Here's why. A ...