They all build data centers

While it's true that some of Applied Digital's competitors, such as Nvidia and Astera Labs, are involved in the data center industry, not all of them are direct competitors in building data centers. Here's a breakdown:

1. Nvidia (NVDA): Nvidia is a semiconductor company that designs and manufactures graphics processing units (GPUs) and system-on-a-chip (SoCs). While its GPUs are used in data center applications for AI and machine learning, Nvidia itself does not build data centers. Instead, it provides the hardware components that are used in data center infrastructure.
2. Astera Labs (ALAB): Astera Labs is a semiconductor company that provides connectivity solutions for data centers and other applications. Like Nvidia, Astera Labs does not build data centers but supplies components that are used in data center construction. Its connectivity chips are essential for the functioning of data center networks.

On the other hand, companies like Oracle (ORCL), Teradata (TDC), and IBM (IBM) are more directly involved in the data center industry:

1. Oracle (ORCL): Oracle is a software company that offers a range of products, including databases, middleware, and applications. It also provides infrastructure products, such as servers and storage systems, that are used in data center environments.
2. Teradata (TDC): Teradata is a data warehousing and analytics company that provides solutions for managing and analyzing large datasets. Its products are often used in data center environments to support business intelligence and analytics applications.
3. IBM (IBM): IBM is a technology company that offers a wide range of products and services, including infrastructure solutions like servers, storage, and networking equipment. IBM also provides cloud computing services, which are often delivered from data centers.

In summary, while some of Applied Digital's competitors, like Nvidia and Astera Labs, are involved in the data center industry, they do not build data centers themselves. Instead, they provide components or solutions that are used in data center construction and operation. Companies like Oracle, Teradata, and IBM are more directly involved in the data center industry, providing infrastructure and services that support data center operations.