Applied Digital Corporation (NASDAQ:APLD) is one of the stocks Jim Cramer was recently focused on. Answering a caller’s query about the stock, Cramer said:“Look, it’s intriguing, but it loses a lot of money. When a caller inquired about the stock in a June episode, Cramer replied:“Okay, this is high-performance computing infrastructure, and high-performance computing is on fire. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.