Think It's Too Late to Buy Applied Digital (APLD) Stock? Here's the 1 Reason Why There's Still Time

With its recent price-to-sales ratio of 38, Applied Digital (NASDAQ: APLD) certainly looks like its shares are overvalued. So is it too late to invest in the company? Well, it depends. It might not be.First, understand its business: It "designs, builds, and operates high-performance, sustainably engineered data centers and colocation services for artificial intelligence, cloud, networking, and blockchain workloads." That's right -- it's heavily involved in a bunch of fast-growing technologies, as it builds data centers. With data center demand growing, Applied Digital's future looks promising.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool