5 Stocks Jensen Huang’s Company is Betting On

2. Applied Digital Corporation (NASDAQ:APLD)

Applied Digital Corporation (NASDAQ:APLD) operates various infrastructure solutions related to AI and data centers in North America. The company operates through the following segments: Data Center Hosting Business, HPC Hosting Business, and Cloud Services Business. The company’s stock jumped 8% after the 13F filing came out and has been slowly inching further up since.

Applied Digital recently reported its fiscal second-quarter earnings and investors weren’t impressed by the widening losses and the debt conversion, even though it comfortably beat estimates. As investors digested the share dilution, the share price was struck another blow on DeepSeek AI Monday.  Since then, it has slowly been moving higher.

The company is transitioning from operating data centers for crypto mining to serving hyperscalers. This is a massive growth opportunity. One company is close to signing the deal for a 100MW lease while another 300MW of capacity is likely to be taken up soon. This transition has kept the stock price depressed but that may not be the case for long now.