Why Is APPLIED DIGITAL CORP (APLD) Stock Down Today?

Why APLD stock is down today

APPLIED DIGITAL CORP stock is down 10.27% today, closing at $26.05. The decline follows a gap down opening and a steady sell-off throughout the session. The move appears to be driven by broader market sentiment and sector-specific pressures, with the stock trading below its 52-week average for the first time in recent weeks.

What Happened

APLD opened the session at $28.56, a 1.6% gap down from the prior close of $29.03. The stock quickly lost momentum, reaching an intraday low of $26.00 at 1:45 PM ET. The session closed at $26.01, with a total volume of 9.8 million shares, representing half of the 3-month daily average. The stock has now fallen 12.9% over the past eight sessions, from $31.58 to $27.49. The decline comes as the broader technology and crypto-linked sectors face downward pressure, with Bitcoin prices contributing to a selloff in related stocks.

What The Data Shows

APLD has a market capitalization of $8.2 billion and remains unprofitable, with a trailing twelve-month (TTM) earnings per share (EPS) of -0.46. Despite a 66.1% year-over-year revenue increase, the company continues to operate at a net margin of -59.5%. The stock has a high beta of 5.68, indicating significant volatility relative to the broader market. Over the past 24 hours, the stock has seen minimal social media chatter, with only one post mentioning it on X and one on Reddit. Retail traders have not shown significant activity, with no unusual options or insider transactions reported.

What To Watch

Investors should keep an eye on the company's scheduled investor call on July 27, 2026, where Applied Digital will unveil its fiscal 2026 results and provide updates on its AI data center strategy. The event may offer insight into the company's path to profitability and long-term growth.