By Harsh Chauhan, The Motley Fool
Publication Date: 2026-06-15 21:18:00
Nvidia is one of the biggest names in the artificial intelligence (AI) infrastructure space since the mainstream adoption of the technology began nearly four years ago, and that’s not surprising, as its chips have played an instrumental role in training popular AI models.
However, the AI infrastructure ecosystem has expanded beyond Nvidia. Several companies are witnessing phenomenal growth in their businesses due to significant investments in AI data centers. Applied Digital (NASDAQ: APLD) is one such company. Its stock has jumped 282% over the past year, well above the 44% jump in Nvidia stock over the same period.
Will AI create the world’s first trillionaire? Our team just released a report on the one little-known company, called an “Indispensable Monopoly” providing the critical technology Nvidia and Intel both need. Continue »
The good news is that it isn’t too late to buy Applied Digital stock, as the company has a massive revenue pipeline that keeps getting bigger. Let’s see why this AI infrastructure stock has room to run higher.
Applied Digital’s business model sets the company up for solid long-term growth
Applied Digital is a pick-and-shovel AI infrastructure company. It designs, builds, and operates dedicated data centers for running AI and high-performance computing (HPC) workloads. The company builds data centers in line with the requirements of hyperscalers and…
