Is Applied Digital's 35% stock plunge an AI buying opportunity?

Key PointsApplied Digital builds and operates next-gen high-performance computing (HPC) data centers tailored for AI projects.Applied Digital announced a fiscal Q2 2024 top and bottom line miss and lowered guidance for the rest of 2024.Supply shortages of networking components put Applied Digital eight weeks behind schedule but are expected to normalize by the end of 2024, bringing annual run rates (ARR) for revenues back to $500 million, representing 360% YoY growth.5 stocks we like better than Applied Dig ...