This data center builder appears undervalued based on its construction pipeline and recent lease agreements made with hyperscalers.Shares of Applied Digital (APLD 9.43%) have surged 295% year to date, driven by rising demand for additional data center capacity. As one of the leading builders of data centers, the company is benefiting from continued growth in spending on artificial intelligence (AI) infrastructure.While there are risks associated with executing its growth strategy, Applied Digital is poised ...