Applied Digital Soars: AI Hype or Real Growth?

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? Hosted on Acast. See acast.com/privacy for more information.