Applied Digital Capitalizes on AI Infrastructure Growth
Applied Digital (APLD) is experiencing rapid growth due to increasing demand for AI infrastructure. The company is expanding its data center capacity, with a new 430-megawatt facility under construction, and is relying on debt to fund its buildout. The company's business model involves designing and leasing data center capacity to clients like CoreWeave.
Tickers: $APLD
Topics: AI infrastructure Applied Digital data centers earnings report growth potential