Shares of AI data center start-up Applied Digital (NASDAQ: APLD) have lost about one-third of their value since I last wrote about it back in July. Following a quarterly financial update, the stock initially tanked further before quickly rebounding from those post-earnings losses. 

Suffice it to say that stocks like Applied Digital have become a battleground for investors trying to cash in on the AI hype largely powered by Nvidia. Nevertheless, in some ways, Applied Digital has made some financial progress in recent months. Is it time to buy the dip or sell the stock?

As I outlined in July, the first and most important concern investors should have with a company like Applied Digital is that it's a start-up. That means minimal revenue and sizable losses. 

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Source Fool.com