Up 375%, Should You Buy Applied Digital Right Now?

Applied Digital (NASDAQ: APLD) is attracting investor attention these days for its role in building and operating artificial intelligence (AI) data centers. The company provides cloud infrastructure that's used by many of the world's leading AI companies. And it has a key partnership with top AI accelerator designer Nvidia that gives it access to the graphics processing units (GPUs) it needs to power that infrastructure.As demand for AI data center capacity has surged, Applied Digital's share price has risen sharply. It's up by 375% over the past 12 months alone. But despite these impressive returns, the business model has significant drawbacks and faces serious potential headwinds.Here's why Applied Digital stock probably isn't worth buying right now.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool