Jim Cramer on Applied Digital: "I Need You to Take Profits"

Applied Digital Corporation (NASDAQ:APLD) is one of the stocks Jim Cramer talked about, along with market froth. Cramer mentioned the stock during the episode and said:

Next, there’s a whole new class of companies that’s caught fire over the past year, cryptocurrency miners that are converting their racks full of servers into data centers for AI. Now, this all started with CoreWeave. I don’t know if you saw Michael Intrator… CoreWeave’s successful IPO last March really caught everybody by surprise. Then, we saw Nebius join the fray. Those stocks were up 33% and 19%, respectively, by the way, just in 2026. But some of the even newer converted crypto miners are up more than 40%, like IREN, Applied Digital, Riot Platforms. These moves are insane. I need you to take profits before they’re cut in half… We saw the same carnage in the crypto miners turned AI data center plays. IREN, Applied Digital, Riot Platforms, each fell somewhere between 50% to 57% from peak to trough. That is dangerous.

Applied Digital Corporation (NASDAQ:APLD) designs, builds, and operates data centers that support high-performance computing and AI workloads.

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Disclosure: None. This article is originally published at Insider Monkey.