Jim Cramer on Applied Digital Corporation: “I Think They’re Good”

Jim Cramer reviewed Applied Digital Corporation (NASDAQ:APLD) while breaking down 16 stocks for a market facing higher energy costs and economic uncertainty. A caller inquired about Cramer’s thoughts on the company, and he stated:

You get high-growth digital infrastructure, and I think it’s a very good situation. A lot of people like Applied Digital in the business, and I think they’re good.

Stock market data. Photo by Photo by Alesia Kozik

Applied Digital Corporation (NASDAQ:APLD) designs, builds, and operates data centers that support high-performance computing and AI workloads. A caller asked for Cramer’s advice on the stock during the February 25 episode, and Cramer responded:

I think Applied Digital’s going to have a breakout quarter, and therefore, you should own the stock. I know it seems like it’s expensive because it has generated a lot of losses. I think those are going to come to a conclusion very, very soon.

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