Jim Cramer on Applied Digital: “I’m Going to Bless It”

Applied Digital Corporation (NASDAQ:APLD) is one of the stocks Jim Cramer recently provided insights on. During the lightning round, a caller inquired about the stock, mentioning the company’s strong revenue growth and its over 300% year-to-date gain. Cramer replied:

“Oh, this thing’s hot as a pistol, and it does have a lot of great customers. Amazing leasing. I’m going to say, I’m going to bless it. I would normally not bless it, but it does have the contracts. It really does.”

Photo by Adam Nowakowski on Unsplash

Applied Digital Corporation (NASDAQ:APLD) designs, builds, and operates data centers that support high-performance computing and AI workloads. During the September 30 episode, a caller asked about the stock, and Cramer responded:

“Look, it’s intriguing, but it loses a lot of money. I mean, you want a company that’s in the same business, it’s NVIDIA, and they make a lot of money.”

Moreover, during the June 25 episode, Cramer called it a “very good spec,” as he commented:

“Okay, this is high-performance computing infrastructure, and high-performance computing is on fire. That company doesn’t make any money, but I think it’s a very good spec.”

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