This $30 Stock Could Be Primed for a Breakout

Applied Digital (APLD), an AI data center company trading near $30, shows impressive 407% revenue growth but remains unprofitable. While the company benefits from surging AI demand with projected 127% revenue growth in FY 2028, its lack of profitability and high valuation of 13x sales present significant risks. The stock's performance is heavily tied to AI market sentiment, making it volatile and potentially riskier than other AI investments.