Applied Digital (APLD 11.13%) stock recorded a day of strong gains in trading Wednesday. The data center specialist's share price closed out the daily session up 11.1%.
Many investors might be wary of buying the hottest growth stocks as the market hovers just a few percentage points below its all-time highs. The threats of higher tariffs, rising inflation, and elevated interest rates could also cap their near-term gains.
Applied Digital (APLD -14.00%) stock got hit with another round of big sell-offs in Monday's trading. The company's share price dropped 14% by the time the market closed.
Applied Digital (APLD 2.17%) stock got crushed in this week's trading. The company's share price fell 24.3% from its level at the previous week's market close, according to data from S&P Global Market Intelligence.
Applied Digital (APLD -15.30%) stock saw a dramatic valuation pullback in Monday's trading. The data-center specialist's share price ended the daily session down 15.3%.
It's no secret that artificial intelligence (AI) is on target to create tremendous returns for investors that invest in the right stocks. If you have extra cash you don't need for paying bills or reducing debt, investing in companies serving the growing data center market could pay off in the next five years.
Applied Digital (APLD 13.46%) stock is seeing huge gains in Friday's trading. The company's share price was up 12.7% as of 10:15 a.m.
Wall Street spiraled into panic mode Monday when Chinese artificial intelligence (AI) company DeepSeek unboxed a chatbot that reportedly matches OpenAI's capabilities, while requiring significantly less computational power. The news triggered a massive sell-off in Nvidia shares, which plunged 17% and erased nearly $600 billion in market value -- the largest single-day loss for any public company in history.
Since ChatGPT burst onto the scene in late 2022, the artificial intelligence (AI) revolution has been nothing short of extraordinary. Early movers like Nvidia, Microsoft, and Broadcom have already delivered staggering returns for investors who recognized the potential of AI infrastructure.
APLD shares benefit from an expanding data center capacity, which aids top-line growth. However, stretched valuation is a concern.