Applied Digital is trading 14.15% lower at $14.26 on November 5, 2026, as investors worry potential scrutiny and permitting hurdles could slow AI infrastructure expansion after the Democratic midterm sweep.
- Reuters reported other data-center operators fell; Qualcomm’s weak smartphone-chip outlook added to the broader technology selloff, with losses in chip and data-center stocks.
- Bitcoin was down 3.09% and Ethereum 3.98% since the prior close; Applied Digital’s much larger decline points to sector and broad-market pressure, not crypto alone. No clear company-specific catalyst was identified.