Why Did Applied Digital Stock Sink 5.8% Today?
Key Points Applied Digital announced a new 15-year, $5 billion deal with an "investment-grade hyperscaler." Despite the deal, the possibility of restrictions on "critical software" exports to China sent technology stocks lower. 10 stocks we like better than Applied Digital › Shares of Applied Digital (NASDAQ: APLD) fell on Wednesday, finishing down 5.8%. The drop came as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) fell 0.5% and 1%, respectively. The stock of the artific ...