Applied Digital Stock Rises 48% in 6 Months: Buy, Sell or Hold?
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Applied Digital's stock has risen by 48% over the past six months, driven by increased data center capacity that supports revenue growth. However, concerns about its stretched valuation remain.
December 20, 2024 | 6:00 pm
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Applied Digital's stock has seen a significant rise of 48% in the last six months, attributed to the expansion of its data center capacity, which supports revenue growth. However, the stock's valuation is considered stretched, which could pose a risk.
The stock's rise is directly linked to the company's increased data center capacity, which is a positive for revenue growth. However, the mention of a stretched valuation suggests that the stock may be overvalued, which could limit further upside in the short term.
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