Applied Digital Corporation (APLD): A Bull Case Theory

We came across a bullish thesis on Applied Digital Corporation on Value investing subreddit by ProbablyGuinness. In this article, we will summarize the bulls’ thesis on APLD. Applied Digital Corporation's share was trading at $13.95 as of August 4^th. APLD’s forward P/E was 416.67 according to Yahoo Finance.

[caption id="attachment_1204867" align="aligncenter" width="768"] An overhead view of a large-scale data center with rows of servers and blinking lights.[/caption]

Applied Digital Corporation (APLD), trading around $13, operates in the rapidly expanding AI infrastructure...