Wall Street calls Applied Digital a strong buy. The company is signing $11 billion worth of contracts with CoreWeave. And institutional investors, even NVIDIA, are piling in, and the stock just hit a new 52-week high. But the company isn’t profitable. That’s the paradox: a business that’s burning cash, yet being rewarded like it’s the ... Read more This article Applied Digital’s $11B AI Bet High-Risk Play or Next Big Winner? originally appeared on Rick Orford.
