You'd be sitting on a 1,345% gain!

So back in early October of 2022, you plunked $10,000 into shares of Applied Digital ( APLD 0.23% ) . What's that worth now? Let's take a look.

That $10,000 investment would have become a stake worth around $144,500! That means your money would have grown at an average annual rate of 144%, which is quite impressive. In contrast, the S&P 500 index , which includes 500 of America's biggest companies, averaged gains of 24% during the same period -- enough to turn $10,000 into $19,000. That's still very respectable, of course, as the S&P 500's long-term average is closer to 10% .

What does Applied Digital do?

It has actually shifted its focus over the years. Its former names offer some clues. It began as Applied Science Products in 2021 and

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