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Applied Digital Corporation (APLD): A Bull Case Theory 

We came across a bullish thesis on Applied Digital Corporation on Value investing subreddit by GloriousLebron. In this article, we will summarize the bulls’ thesis on APLD. Applied Digital Corporation's share was trading at $19.83 as of September 17th. APLD’s forward P/E was 526.32 according to Yahoo Finance.

Applied Digital (APLD) has rapidly transformed from a speculative small cap into a serious player in AI infrastructure, with its stock price surging from about $3 in April to nearly $20 today. The momentum is not mere market hype but underpinned by long-term contracts and a...