Applied Digital Corps stock ($APLD) took a bad drop yesterday following Wolfpack Research recent report, which strongly criticized the company (https://www.reuters.com/technology/applied-digital-shares-tumble-after-wolfpack-research-takes-short-position-2023-07-06/). The $APLD stock has in recent time been highlighted by many stock enthusiasts as a promising stock to acquire for the future that has considerable growth potential, given the company's AI business.
What is your take on this? Is the stock extra attractive now given its discount after an almost 15% drop, or does this report signal that something is very wrong with the company and one should stay away?
The representatives of the company seems confident though, and fired back at this report, but I guess a con artist never would admit being a con artist XD. Anyway, their fiscal report is planned for the 24th of July (being pushed from yesterday's date probably because of the report). Perhaps good numbers there could allow the stock to recover?
I'm asking as somebody with little experience of this company and its stock, and looking for someone here with more experience about it.
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