Key Points Applied Digital stock has soared since the company announced a major deal with CoreWeave in June. The company's most valuable asset is contracted power for its data centers to meet growing demand for AI. Future profits from more deals could justify more highs for the stock. 10 stocks we like better than Applied Digital › Applied Digital (NASDAQ: APLD) is a leading designer and builder of data centers that has seen its stock rocket around 250% year to date at the time of writing. It's no ...