APLD Stock Jumps to $38! What’s Next?

About this video

• Video Title: APLD Stock Jumps to $38! What’s Next?
• Channel: Will Rich
• Speakers: Will
• Duration: 00:11:56

Overview

This video discusses the recent surge in APLD stock, which reached $38 per share, and analyzes the factors driving its growth. The speaker attributes the rise to the booming data center market, significant investments from big tech companies, and APLD's strategic focus on building data centers for AI infrastructure, including deals with Coreweave. The video also touches on the company's financial performance, the demand for AI tools and their infrastructure, technical analysis of APLD's stock price, and concludes with a trading strategy.

Key takeaways

• APLD Stock Surge: APLD stock experienced a significant bull run, reaching approximately $38 per share, recovering from a previous correction and utilizing prior resistance as support.
• Data Center Market Growth: The data center market is experiencing tremendous investment from major tech companies like Apple, Nvidia, and Tesla, benefiting companies like APLD that are involved in building these facilities.
• Coreweave Partnership & AI Infrastructure: APLD has secured significant deals, including AI factories for Coreweave valued up to $11 billion, and other partnerships for data center campuses, indicating strong demand for AI infrastructure.
• AI API Demand: The increasing use of AI tools like Grock, OpenAI, and Claude is driving substantial API requests, highlighting the need for robust data center infrastructure, which APLD provides.
• Technical Analysis & Trading Strategy: The video outlines key technical levels for APLD, identifying support around $37 and resistance near $39, with a conservative outlook suggesting a potential short-term correction to $36 before further upward movement.