Applied Digital Soars: AI Hype or Real Growth?
Update: 2025-10-10
Description
Applied Digital's stock skyrocketed over 22% after Q3 earnings revealed an 84% revenue surge, fueled by its pivot to AI data centers. Despite mixed results with profitability challenges, investors are betting big on the company's AI-driven transformation, sending shares to a new 52-week high and boasting a staggering 348% gain this year alone. Is Applied Digital the next AI goldmine, or is this growth unsustainable?
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