Applied Digital is trading 4.7% down now at $24.17 amid concerns about slowing AI-infrastructure spending.
- It declined 6.96% to $24.58 on September 14, while technology shares remain pressured by the sector-wide AI development pullback.
- Bitcoin is down 3.55% and Ethereum 4.44% since the previous close, adding crypto-market pressure.
- Rising Treasury yields and broader risk aversion are additional headwinds.