Applied Digital Stock: Where It Could Be in 1 Year

Applied Digital (NASDAQ: APLD) is emerging as an important player in the artificial intelligence (AI) infrastructure market, and this explains why investors bought its shares hand over fist in the past year. The share price for this company that designs, builds, and operates dedicated AI data centers shot up a whopping 400% in the past year. This red-hot rally was driven by the lucrative long-term lease contracts that Applied Digital signed with cloud infrastructure providers.The good news is that analysts expect Applied Digital stock to rise over the next year, too. Let's see how much upside this AI stock might potentially deliver.Image source: Getty ImagesContinue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool