Applied Digital’s AI data center business is thriving, securing $16 billion in leases for the next 15 years. Stock has surged over 270% in the past year, but upcoming cloud spin-off may impact revenue. Business model shift to real estate focus with new cloud-based AI services. Analysts cautious on stock’s future growth potential.

Read more at Nasdaq: Where Will Applied Digital (APLD) Stock Be in 1 Year?