5 Most Promising Blockchain Stocks According to Analysts

2. Applied Digital Corporation (NASDAQ:APLD)

Latest Analyst Share Price Upside: 133.6%

Applied Digital Corporation (NASDAQ:APLD) is a diversified data center company that also provides data center hosting for cryptocurrency related use. The firm successfully leveraged its data center strengths to the growing artificial intelligence industry in 2023 after it inked a $460 million deal to host A.I. operations on its infrastructure.

As this year’s September quarter ended, 19 out of the 910 hedge funds covered by Insider Monkey’s research were Applied Digital Corporation (NASDAQ:APLD)’s shareholders.

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