10 Trending AI Stocks on Wall Street’s Radar

8. Applied Digital Corporation (NASDAQ:APLD)

Number of Hedge Fund Holders: 26

Applied Digital Corporation (NASDAQ:APLD) is a technology company engaged in designing, developing, and operating digital infrastructure solutions and cloud services in high-performance computing (HPC) and artificial intelligence. On January 28, Compass Point analyst Joe Flynn initiated coverage of the stock with a “Buy” rating and a $10 price target. According to the firm, the risk-reward of signing a 100-400MW lease with a hyperscaler in 2025 is more attractive. In this regard, it believes that the company’s recent Macquarie Asset Management Equity Partnership will help get the lease “over the finish line.” Discussing the recent DeepSeek selloff, the firm said that it sees “an interesting opportunity to again buy into the stock to play the HPC datacenter lease signing catalyst”. It also added that the upside opportunity “looks binary based on whether APLD can sign a 400MW lease in 2025 or not.”