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Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Technology

Technology

Is Applied Digital Corp. (APLD) the Best Small Cap Tech Stock to Buy Now?

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey
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S&P Small Cap 600 , whose components have an average market capitalization of $3 billion , is down 11% from its record closing high set late last year .

The rapid expansion of artificial intelligence ( AI ) continues to transform sectors throughout the world, and experts are keenly watching its effects on the broader US stock market.

RBC Capital believes that the current year may be a watershed moment for small caps.

APLD ranks 2nd on our list of best small cap tech stocks to buy now.

APLD recently announced a $375 million financing agreement with Sumitomo Mitsui to expand its Ellendale HPC Campus .

The company is also focusing on the expansion of its HPC services for hyperscale clients by developing next-generation data centers.