Applied Digital Stock Is Sliding — The AI Data-Center Bet Faces Its Next Test
Applied Digital Corp shares fell 2.6% to $43.57 Thursday as a Broadcom-led chip selloff weighed on AI-infrastructure stocks and the Nasdaq. The company’s market value stood at $12.3 billion with nearly 10 million shares traded. Recent contracts have boosted Applied Digital’s baseline revenue commitments to $31 billion, but the firm posted a $100.9 million net loss last quarter despite surging revenue.