Cramer Likes Applied Digital on the Dip — but Warns: 'Start It Small, Don't Start It Big' - Applied Digit

On CNBC’s "Mad Money Lightning Round," Jim Cramer said he likes Applied Digital Corporation (NASDAQ:APLD) with the stock coming down.

"Start it small, don’t start it big because it is losing money," he noted.

Applied Digital announced that it will host a conference call on Monday, July 27, to discuss its operations and financial results for the fiscal fourth quarter.

Cramer recommended buying Bloom Energy Corporation (NYSE:BE) as it has "come down a great deal and it’s a non-combustible way to be able to power data centers." Truist Securities analyst Christopher Souther, on Tuesday, initiated coverage on Bloom Energy with a Hold rating and announced a price target of $250.

"I think double down right now.