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Applied Digital (APLD) Jumps 14% on AI Optimism

We recently published 10 Big Names With Easy 10-30% Gains. Applied Digital Corp. (NASDAQ:APLD) was one of the best performers on Tuesday.

Applied Digital grew its share prices by 14.29 percent on Tuesday to close at $41.35 apiece amid positive developments surrounding the artificial intelligence industry, including higher funding from key players.

Applied Digital Corp. (NASDAQ:APLD) rallied alongside its counterparts, namely IREN Ltd., TeraWulf, and Cipher Mining, among others, following news that Nvidia Corp. invested $2 billion in CoreWeave, reflecting optimism for the sector despite analysts’ concerns of an AI bubble.

Additionally, a US-based AI firm, Anthropic, was said to have raised as much as $15 billion in fresh funds to finance its expansion program.

According to reports, Coatue and Singapore sovereign wealth fund GIC supported the fundraising program, while Sequoia Capital—an investor in Anthropic’s rival, OpenAI—also shelled out for the startup.

Recent fundraising programs sparked rosy prospects for listed data center operators and high-performance computing companies such as Applied Digital Corp. (NASDAQ:APLD) on expectations that AI companies’ ongoing expansion plans could bolster demand for their services.

Applied Digital Corp. (NASDAQ:APLD), for its part, is underway with the construction of its new 430-megawatt data center in Dallas, Texas. The facility will feature two 150-MW facilities on a 500-acre land area.

Once fully operational, Applied Digital Corp. (NASDAQ:APLD) expects to generate more than 200 jobs, in addition to long-term contractors.

While we acknowledge the risk and potential of APLD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than APLD and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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