This Nvidia-Backed AI Stock Soared 103% Last Week—Watch These Key Levels
Key Takeaways
- Applied Digital shares are likely to remain on investors’ radar screens after more than doubling last week following news of a deal to lease data center space to AI darling CoreWeave
- The stock has formed a cup and handle on the chart, with the price staging a decisive breakout above the pattern’s top trendline last week, potentially signaling the start of a new longer-term move higher.
- Investors should watch important overhead areas on Applied Digital’s chart around $17, $28 and $46.70, while also monitoring a major support level near $10.50.
Applied Digital (APLD) shares are likely to remain on investors’ radar screens after soaring last week following news of a deal to lease data center space to AI darling…
