You Would Have Gained 103% With Applied Digital (APLD) Stock

We recently published a list of 15 Stocks That Stole The Show Last Week. In this article, we are going to take a look at where Applied Digital Corporation (NASDAQ:APLD) stands against other best stocks that stole the show last week.

Applied Digital skyrocketed by 102.9 percent in just a week of trading, with investor sentiment boosted by its $7-billion lease agreement with CoreWeave, Inc. (NASDAQ:CRWV).

Under the agreement covering two 15-year leases, Applied Digital Corporation (NASDAQ:APLD) will deliver 250 megawatts of critical IT load to host CoreWeave, Inc.’s (NASDAQ:CRWV) artificial intelligence (AI) and high-performance computing (HPC) infrastructure at its Ellendale, North Dakota data center campus.

It expects to deliver the first 100 MW of data center in the fourth quarter of the year, while the remaining 150 MW is expected to come online in the middle of 2026.

You Would Have Gained 103% With Applied Digital (APLD) Stock

An overhead view of a large-scale data center with rows of servers and blinking lights.

Following the news, B. Riley gave Applied Digital Corporation (NASDAQ:APLD) a “buy” recommendation and a new price target of $15, nearly double the $8 price target previously.

Overall, APLD ranks 1st on our list of best stocks that stole the show last week. While we acknowledge the potential of APLD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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