Applied Digital Corporation (NASDAQ:APLD) is one of the best stocks to buy in a rising market, according to Wall Street analysts. On April 8, Applied Digital Corporation (NASDAQ:APLD) asserted its differentiation in the high-power AI data center industry. The differentiation comes as the company operates the only 100MW direct-to-chip liquid-cooled data center.

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The company delivered a 139% increase in fiscal third-quarter revenue to $126.6 million. Amid the robust revenue growth, the net loss attributable to shareholders reported was $100.9 million. The financial results came on the heels of accelerating demand for high-performance AI data center capacity.

In addition, Applied Digital Corp’s data center hosting business, which operates 286 MW of Bitcoin mining capacity, continues to deliver strong results and the highest return on assets. The segment generated $14 million in operating profit and $37.5 million in revenue in the quarter ended February. The solid performance was driven by improvements across data center hosting facilities.

Applied Digital Corporation (NASDAQ:APLD) designs, builds, and operates next-generation data centers and high-performance computing (HPC) infrastructure, primarily serving AI, machine learning, and cloud applications. The company provides turnkey hosting services and GPU-driven cloud services for artificial intelligence, while maintaining infrastructure for blockchain/Bitcoin.

While we acknowledge the potential of APLD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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