3 Things About Applied Digital That Smart Investors Know
Applied Digital's (NASDAQ: APLD) stock price has surged nearly 140% over the past 12 months amid the buying frenzy in artificial intelligence (AI) stocks. But unlike Nvidia (NASDAQ: NVDA) and its peers, Applied Digital isn't actually an AI company. Instead, it merely builds or buys big data centers, makes sure they're powered, and then rents out the spaces to other companies that install their own servers.
In other words, it's just a data center developer like Digital Realty Trust (NYSE: DLR) and (NASDAQ: EQIX). Prior to its rebranding last November, Applied Digital was known as Applied Blockchain, a niche company that mainly rented out its data centers to Blockchain app developers and Bitcoin miners.
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Source Fool.com
Equinix Inc. Stock
We see a rather positive sentiment for Equinix Inc. with 13 Buy predictions and 1 Sell predictions.
As a result the target price of 835 € shows a slightly positive potential of 13.82% compared to the current price of 733.6 € for Equinix Inc..
