🔴 Applied Digital is trading 5% down today over funding needs for 800 MW of capacity

Applied Digital is trading at $16.95, down 4.86%, as CEO Wes Cummins said 800 MW of planned data-center capacity still needs funding.

• Reporting linked the funding concerns to pressure on the stock.
• Election-related regulatory concerns also weighed on AI data-center stocks in premarket trading, though no new company announcement explaining the move was identified.
• Bitcoin (+3.80%) and Ethereum (+6.33%) are higher, while broader indices are also up.