Key Points Applied Digital stock has performed exceptionally well over the last three years, since it rebranded as an artificial intelligence (AI) infrastructure provider. Revenue is up 250% year over year, as of its most recent quarterly earnings, and this company has a massive backlog due to deals with two hyperscalers. 10 stocks we like better than Applied Digital › Applied Digital (NASDAQ: APLD) rebranded in November 2022, changing its name from Applied Blockchain. The name change reflected its ...