5 AI Stocks That Are Quietly Making Investors Rich

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1. Applied Digital Corp (NASDAQ:APLD)

Applied Digital Corp (NASDAQ:APLD) is one of the 15 AI stocks that are quietly making investors rich.

On February 18, Darren Aftahi from Roth Capital maintained his Buy rating and a $58 price target for Applied Digital Corp (NASDAQ:APLD). The analyst reflected on the stock’s 8% post-market drop following news that Nvidia was exiting its 7.7 million-share position.

Aftahi believes the fundamentals for Applied Digital Corp (NASDAQ:APLD) have evolved since Nvidia’s financing. He cited the company’s new high-value data center leases with CoreWeave (CRWV) and other partners as evidence of its fundamental strength.

Earlier on February 12, Citizens maintained an Outperform rating for Applied Digital Corp (NASDAQ:APLD). The firm estimated a price target of $40, which results in an upside potential of more than 40%.

Citizens highlighted the company’s fundamentals that are backed by its 400 MW North Ellen capacity fully leased to CoreWeave, a 200 MW hyperscaler lease that carries an opportunity to expand up to 1GW, and also a 4.3 GW development pipeline.

Applied Digital Corp (NASDAQ:APLD) provides essential infrastructure solutions for the high-performance computing and artificial intelligence industries. The company designs, constructs, and manages specialized data centers, offering both hosting services and GPU computing power to support complex machine learning. It also facilitates AI and intensive computational workloads across diverse, large-scale digital environments.

While we acknowledge the potential of APLD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than APLD and that has 100x upside potential, check out our report about the cheapest AI stock.

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