Applied Digital’s stock has surged 326% this year, raising questions about investing now. The company designs, builds, and operates data centers for AI, cloud, and blockchain workloads. With global demand for data center capacity expected to triple by 2030, Applied Digital’s $9 billion market value could rise further. However, the company is not yet profitable and carries significant debt.

Inking deals for data center projects, including an $11 billion contract with CoreWeave, Applied Digital is positioning itself in a growing industry. While the stock may seem expensive now, its potential for future growth could make it a smart investment. However, investors should carefully consider the risks and benefits before purchasing shares.

If the current stock price of Applied Digital is too high for your comfort, consider adding it to your watch list for a potential pullback. The Motley Fool’s Stock Advisor team has identified 10 top stocks for investors to buy now, but Applied Digital is not on the list. Past recommendations like Netflix and Nvidia have yielded significant returns, outperforming the S&P 500.

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Read more at Yahoo Finance: Should You Buy Applied Digital (APLD) Stock Right Now?