Applied Digital (APLD) Stock on December 10, 2025: AI Data Center High‑Flier With Huge Backlog, Cash Burn and Short‑Squeeze Potential
This article is for information and education only and is not investment advice.

December 15, 2025 — Applied Digital Corporation has become one of the market’s most talked-about “picks-and-shovels” names in the AI boom: not a chipmaker, not a model builder, but a company racing to deliver the hard part of modern AI at scale—power-dense data centers.