Applied Digital (NASDAQ:APLD) has become one of the market’s most dramatic AI infrastructure stories after a massive rally and a new hyperscaler lease. The bullish thesis is simple but powerful: long-term contracted demand, scarce AI data center capacity, and a backlog that could support years of growth. The harder question is whether investors are already paying too much for that future.
Stock prices used were the market prices of May 28, 2026. The video was published on June 5, 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.
