Jim Cramer Says Applied Digital is “Intriguing” but “Loses A Lot of Money”

Applied Digital Corporation (NASDAQ:APLD) is one of the stocks Jim Cramer was recently focused on. Answering a caller’s query about the stock, Cramer said:

“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.”

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Applied Digital Corporation (NASDAQ:APLD) provides digital infrastructure solutions, including data center hosting, GPU computing, and high-performance computing services for AI, machine learning, and crypto mining. The company also designs and manages data centers to support advanced computing applications. When a caller inquired about the stock in a June episode, Cramer replied:

“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.”

Before that, Cramer made the following comments on Applied Digital Corporation’s (NASDAQ:APLD) stock when a caller inquired about it during a May episode:

“I know the company, and it’s the kind of thing, we have so many of these digital infrastructure plays. I actually just prefer if you’re going to go there, just go buy Salesforce. I’m not kidding. Go buy CRM, I would feel better that way.”

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