Applied Digital (NASDAQ:APLD) has been one of the standout performers in 2025, delivering gains of approximately 200% year-to-date. The company designs, builds, and operates next-generation data centers optimized for high-performance computing and AI workloads. Its strong performance positioned it as a key holding in Nvidia's (NASDAQ:NVDA) "secret†investment portfolio focused on AI ecosystem companies. While most holdings in that portfolio declined sharply — resulting in an overall 30% drop in value since t ...