AI Data Center Stock May Not Be Down for Long

Now looks like an ideal time to buy APLD on the dipThe shares of AI data center giant Applied Digital Corp (NASDAQ:APLD) are down 8.3% to trade at $28.91 at last check, a dismal outlook from semiconductor giant Qualcomm (QCOM) and increased AI spending at Alphabet (GOOGL) spooking traders. APLD yesterday marked its worst day in roughly a year, extending a pullback from a Jan. 28, record peak of $42.27. This recent bear gap has placed the security within striking distance of a historically bullish trendline, ...