Applied Digital is trading 4.64% down now at $15.84 on November 5, 2026, as AI and data-center stocks face pressure over concerns a Democratic-controlled Congress could increase scrutiny and slow industry expansion. - Reuters reports Applied Digital was among operators declining in pre-market trading. - Bitcoin and Ethereum are down only 0.62% and 1.51%, respectively, since the prior close, so crypto moves do not appear to explain the larger stock decline.