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Smart_Money_Cpyder
Feb 29, 2024 8:37 PM

APLD - LONG Long

Applied Digital CorporationNASDAQ

Description


APLD operates in the high-demand sectors of AI cloud services and next-generation data centers, benefiting from key trends in artificial intelligence and digital infrastructure. The company's strategy involves renting out data center space crucial for AI development, rather than creating AI algorithms itself. This approach has led to significant revenue growth, with a 242% increase last year and an expected 341% this year. APLD is positioned for substantial growth, leveraging the AI and Bitcoin industries, and is currently viewed as undervalued by the market. With all the talk about the Bitcoin Halving, this seems like a great opportunity.

The stock is at a crucial support level, indicating a potential investment opportunity. We could really trade down to 3,.90 area LVN, but ill take my chances here, Average down if we see lower. we Break below 3.80 LVN, we could trade all the way down to 2.82 area, lets home not.

Trade active

$2.83 area of interest. Despite the company's poor financial performance, the underlying fundamentals catch my interest, positioning it as a prime candidate for long-term investment and accumulation.

The company distinguishes itself by providing affordable computing solutions in the realms of cloud computing, AI, and data management. They've innovated by enabling businesses to tap into high-end computing resources without the need for heavy internal investment—similar to providing an automated car tunnel wash for the IT industry. This approach not only democratizes access to cutting-edge technology but also underscores the company's role in a modern-day gold rush, with data as the coveted treasure. In my opinion, those who excel in managing and protecting data will emerge as the financial victors over the next decade. Data, in this context, represents the new gold rush, an invaluable resource in the digital age.
Comments
Chartguru1
Agreed plus 25% short. Can u imagine NVDA takes a stake in them. Oh my …$20 within 2 weeks. Insiders own 29% so they have good skin in the game
Smart_Money_Cpyder
@Chartguru1, Yessir, thanks for the comment, Good luck to you!
burn3r777
Financing announced 🎻wonder what will happen….
Smart_Money_Cpyder
@burn3r777, I see that, $3.80 is the next support, I will average down there. If we break below, we could trace down that liquidity pocket 2.80 range.
Smart_Money_Cpyder
@burn3r777, Long term, if they pull this off, and start making profits, they will rocket. short term im waiting for 1.80 area next.
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