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The investment will help Applied Digital build data centers optimized for high-performance computing.
Fool.com contributor Parkev Tatevosian discusses what the news could mean for Nvidia (NVDA -2.20%) and Applied Digital (APLD -10.55%) stock investors.
*Stock prices used were the afternoon prices of Sept. 5, 2024. The video was published on Sept. 7, 2024.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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