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Applied Digital has shed more than half its value from its peak, yet analysts keep piling on buy ratings with targets that sit above where the stock was trading at its best. One lead analyst believes the selloff created a setup that most investors are walking right past.
Applied Digital’s Q1 revenue jumped 322% to $341.9M, far above estimates, though losses widened. See what it means for Applied Digital stock.
Applied Digital has extraordinary AI demand on paper. The harder question is whether its data centers can turn that demand into durable cash flow before financing costs reshape the economics.