Jim Cramer on Applied Digital: “You Should Own the Stock”

Group 1 - Applied Digital Corporation (NASDAQ:APLD) is expected to have a breakout quarter, making it a stock worth owning despite its current losses [1] - The company designs, builds, and operates data centers that support high-performance computing and AI workloads, which have gained traction among cryptocurrency miners converting their operations [3] - Recent trends show that stocks of converted crypto miners, including Applied Digital, have experienced significant volatility, with declines ranging from 50% to 57% from peak to trough [3] Group 2 - While APLD shows potential as an investment, there are other AI stocks that may offer greater upside potential and lower downside risk [4]