5 Best Short Squeeze Stocks to Invest In

In this article, we will take a look at the 5 Best Short Squeeze Stocks to Invest In. For a deeper discussion and an expanded list, please see 13 Best Short Squeeze Stocks to Invest In.

5. Applied Digital Corp (NASDAQ:APLD)

Applied Digital Corp (NASDAQ:APLD) ranks among the best short squeeze stocks to invest in. Compass Point boosted its price target for Applied Digital Corp (NASDAQ:APLD) to $70 from $45 on May 22, with a Buy rating, following the company’s announcement of a major data center lease contract.

Applied Digital Corp (NASDAQ:APLD) signed a 15-year take-or-pay contract for 300MW of essential IT load at Polaris Forge 3, its fourth AI Factory campus, with a high-investment-grade hyperscaler based in the US. The same client had signed Delta Forge 1 earlier in April.

Source: pexels

The agreement increases base-term contracted revenue by about $7.5 billion. Overall, Applied Digital’s contracted essential IT load grew from 900MW to 1.2 GW, and its baseline contracted revenue across four campuses has risen to $31 billion.

The company has already obtained a $300 million senior secured bridge loan sponsored by Goldman Sachs in order to finance the construction of its third AI data center at Polaris Forge 1 in North Dakota. Applied Digital Corp (NASDAQ:APLD) stated that it intends to look for more funding to finish the project.

Applied Digital Corp (NASDAQ:APLD) builds and operates digital infrastructure for AI and computing companies in North America. The company provides data centers and GPU computing solutions for businesses working in AI. It is headquartered in Dallas, Texas, and was founded in 2021 by Wes Cummins and Jason Zhang.