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Applied Digital Jumps 47% in a Month: Buy, Sell or Hold the Stock?

Key Takeaways Applied Digital shares jumped 46.8% in a month, beating the broader Finance sector's decline.Strong AI and data center demand, plus the CoreWeave deal, support long-term growth. Despite gains, rising loss estimates and a rich valuation make APLD a cautious hold. Applied Digital (APLD) shares have appreciated 46.8% in a month, outperforming the broader Zacks Finance sector’s decline of 2.9% and the Zacks Financial – Miscellaneous Services industry’s fall of 8.1%. Since reporting first-quarter f ...