Applied Digital (NASDAQ:APLD) is not trying to build AI models or design semiconductors. It is trying to own the physical infrastructure that lets AI companies scale. That creates a powerful bull case, especially as power, cooling, and data center capacity become harder to secure.
The bigger question is whether the company can turn contracted demand into operating assets and recurring revenue. The opportunity looks massive, but the market is already pricing in serious growth, and that raises the stakes for execution.
Stock prices used were the market prices of June 16, 2026. The video was published on June 17, 2026. On the date of publication, Rick Orford did not have (either directly or indirectly) positions in any of the securities mentioned in this video.
