Applied Digital and the Rise of a New AI Data Center Champion. Revenue Grows 84% in Q1.

Applied Digital (APLD) must currently be known to every trend-oriented momentum trader. The stock has already multiplied since the beginning of the year. Applied Digital operates modern data centers for AI and blockchain. The current focus is clearly on so-called AI factories that provide large computing capacities for AI applications to hyperscale customers. Lease agreements worth around $11 billion have been concluded for the 400 MW data center in North Dakota. In the blockchain sector, the company has focused primarily on Bitcoin mining, especially...