Investors are concerned about a potential bubble in AI stocks, with data centers playing a crucial role in AI computing. Unprofitable companies carry higher risk, but demand for Applied Digital (NASDAQ: APLD) stock remains strong. Shares have surged over 208% in the past year and 1,430% in the past three years. Applied Digital provides high-performance computing data centers for AI software. The company secured a $11 billion lease with hyperscaler CoreWeave and is in negotiations for more investments. Despite the stock trading at 35 times trailing sales, it remains in high demand among AI investors. The Motley Fool Stock Advisor team identified 10 other stocks with the potential for significant returns, highlighting the importance of considering all options before investing in Applied Digital.

Read more at Yahoo Finance: The “AI Bubble” Debate Isn’t Scaring Serious AI Investors. Here’s the Stock They’re Backing.