Applied Digital (APLD) is trading around $30 right now, down from its $50 high in June. They build and rent AI data centers. Revenue for Q4 was up 407% to $260M, and Wall Street expects 37% growth this year and 127% next year. The catch is they aren't profitable and won't be anytime soon because building these centers takes a lot of upfront capital. It's currently trading at 13 times sales, which isn't cheap. The stock is basically moving with general AI sentiment right now, so it carries a bit of risk until those new centers come online and they start making money.