Jim Cramer warns against investing in Applied Digital Corp due to potential losses

From Yahoo Finance: 2025-03-29 16:07:00

Jim Cramer shared his thoughts on AI growth and Dollar Tree’s decision to sell its Family Dollar division. Cramer criticized the sale, highlighting the lack of integration between the two companies. Applied Digital Corp (APLD) specializes in digital infrastructure and high-performance computing, gaining over 40% in the past year. Cramer warns against investing due to potential losses. 1. President Biden announces new plan to combat climate change, setting a goal to cut U.S. greenhouse gas emissions by 50-52% by 2030 compared to 2005 levels. The ambitious target aims to address the urgent threat of climate change and transition to a clean energy economy.

2. Tesla reports record profits in the first quarter of 2021, surpassing expectations and sending the company’s stock price soaring. The electric car maker credits strong sales of its Model 3 and Model Y vehicles for the impressive financial performance.

3. CDC issues new guidelines stating that fully vaccinated individuals can safely engage in outdoor activities without wearing masks, except in crowded settings. The updated recommendations aim to encourage more people to get vaccinated and enjoy the benefits of increased immunity.

4. India experiences a devastating surge in COVID-19 cases, with hospitals overwhelmed and oxygen supplies running low. The country reports over 300,000 new infections daily, prompting international aid efforts to provide medical supplies and support to help manage the crisis.

5. Apple announces plans to invest $430 billion in the United States over the next five years, creating 20,000 new jobs and expanding its manufacturing and research facilities. The tech giant aims to boost domestic production and innovation while contributing to the American economy.

Read more: Jim Cramer Warns of Money-Losing Risks