The video presents a fundamental analysis of Applied Digital (APLD). The company has pivoted from Bitcoin mining to AI infrastructure, leading to a stock price near its 52-week high of $18.68. Analysts predict a potential upside to $30. The company has secured $11 billion in long-term lease contracts with CoreWeave. A $3 billion AI campus is planned in North Dakota. The video notes a problem that the company lost $233 million last year and needs billions in financing, plus its 60-month beta of 6.64 suggests high volatility. The video discusses Applied Digital's history, strategic rebranding from Applied Blockchain, and shift to data center solutions for AI. Mentioning also the sale of its cloud business. The analyst shows the revenues of APLD of $38 million up 41% for the prior year comparable period, also, the net losses of $26.6 millions, down 25% from the prior year. It is mentioned that Polaris Forge 2 campus is schduled to break ground this month.