Applied Digital Shares Drop Amid Growth Concerns
Update: 2025-12-12
Description
Applied Digitals shares plummeted by 2.6% in afternoon trading, as investors fret over the companys rapid expansion plans. Meanwhile, the broader market saw a boost, with the Nasdaq and S&P 500 gaining 2.6% and 1.6% respectively, thanks to Alphabets new AI model. Despite todays dip, Applied Digitals stock is still up 282% this year, but remains 21% below its October 2021 peak.
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