Applied Digital (APLD) has seen its stock climb over 280% year-to-date, specializing in next-gen data centers for AI, ML, and blockchain. Recently, APLD secured a $5 billion lease deal with a U.S.-based hyperscaler, covering 200MW of IT capacity. A partnership with CoreWeave has expanded APLD’s revenue to $11 billion. Analysts predict APLD stock could hit $56, representing a 72% upside potential. With strong growth prospects and expanding operations, Applied Digital is positioned to benefit from the rising demand for AI infrastructure and blockchain hosting services.

Read more at Barchart: Up 281% YTD, Will Applied Digital Stock Hit $56 in a Year?