Applied Digital Shares Surge 393% in 2025 Amid AI Data Center Boom
Applied Digital's stock skyrocketed following a revenue beat, fueled by its pivot from cryptocurrency mining to AI infrastructure. The company's expertise in securing low-cost power—a critical advantage in today's chip-rich, power-constrained market—positions it as a key enabler for large language model training and inference workloads.
Its dual business model of GPU colocation and on-demand computing rentals taps directly into the insatiable energy demands of AI. While the 393% year-to-date gain gives pause, the underlying thesis remains compelling: power access is the new moat in AI, and Applied Digital built its foundations during the crypto era.