Movement Alert|APPLIED DIGITAL CORP Falls 5.66% in Regular Trading, Compute Cloud Stocks Continue to Pull Back

Market Focus
Yesterday

On November 13, APPLIED DIGITAL CORP fell 5.66% in Regular Trading, trading at $15.93 with turnover of $73.053 million.

The move coincided with another broad pullback in US-listed compute cloud names, which continued to give back part of the earlier rebound tied to stronger-than-expected CoreWeave results and outlook.

In the latest session, related stocks were broadly weaker before the open, with CoreWeave down 2.35%, Oracle down 1.54%, Nebius down 2.54%, IREN down 2.00%, and APPLIED DIGITAL CORP also lower. Earlier support from CoreWeave earnings appears to have faded further, leaving the group under renewed sector pressure. For company background, APPLIED DIGITAL CORP reported revenue of $341.9 million in its latest quarter, up 322% year over year.

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