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Is Applied Digital Corporation (APLD) A Good Stock To Buy Now?

Is APLD a good stock to buy? We came across a bullish thesis on Applied Digital Corporation on The Analyst's Journal’s Substack by RA_Capital. In this article, we will summarize the bulls’ thesis on APLD. Applied Digital Corporation's share was trading at $27.05 as of March 13th. APLD’s forward P/E was 526.32 according to Yahoo Finance.

Applied Digital Corporation designs, develops, and operates digital infrastructure solutions to high-performance computing (HPC) and artificial intelligence industries in North America. APLD represents a high-conviction investment opportunity...