Applied Digital is trading 6.9% down at $24.65 as concerns over future AI infrastructure spending weigh on AI-linked shares.
- Bitcoin is up 1.00% and Ethereum 0.38% since the previous close, so the sharper decline appears unrelated to crypto weakness.
- Anthropic, OpenAI, and other industry leaders urged slower AI development, while higher oil prices and expected Federal Reserve tightening add broader pressure.