This $30 Stock Could Be Primed for a Breakout
Applied Digital is investing a lot of money in its data center facilities.
Overview
Finding cheap stocks that are primed for a major breakout isn't always easy, but I may have identified one: Applied Digital (NASDAQ: APLD). Applied Digital is currently trading slightly below $30 per share and is well off its high of about $50 established in June. Applied Digital is a major player in the artificial intelligence (AI) data center space, and it continues to report impressive growth.
But is it primed for a breakout? Let's take a look.
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Originally published at www.fool.com.
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