Applied Digital is trading at $19.95, down 4.91%, in line with broad risk-off trading. - Technology is down 2.30% pre-market; the Nasdaq is down 1.73% and the S&P 500 0.99%. - Bitcoin and Ethereum are down 2.77% and 2.93% since their previous closes, respectively; neither exceeds the stated 3% threshold. - Applied Digital’s planned 50 MW Texas AI data-center venture with Soluna was announced October 21 and does not explain today’s drop.