Why Is APPLIED DIGITAL CORP (APLD) Stock Down Today?
By the Top Tier Newswire AI Desk · October 13, 2026 at 9:41 AM ET · reviewed against 6 wire stories
APPLIED DIGITAL CORP (APLD) is down -6.02% in the latest session. Our newswire has captured 6 stories on APLD across 4 sources in the last 36 hours, with AI sentiment reading mixed (avg 52/100).
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Applied Digital Corp (APLD) shares fell 6.02% to $21.85, marking a sharp decline in the data center developer’s stock. The primary driver appears to be a broader sector rotation and valuation reassessment, as peers like Cipher Digital also experienced significant drops following new financing announcements.
What Happened
Applied Digital secured a site for a 1-gigawatt AI campus in Finland, adding to its $36 billion contracted revenue backlog and 1.41 gigawatts of domestic leased IT load. The company generated $341.9 million in revenue during the fiscal first quarter of 2027, representing a 322% increase from a year earlier. Despite this growth, the stock faces pressure from a high beta of 6.00 and a net margin of -53.0%. Morgan Stanley maintains an Equal-Weight rating with a price target of $41, while other analysts have revised their forecasts following the Q1 results. The sector is currently under stress, with reports indicating that a slide in Bitcoin and rising bond yields are hitting neocloud providers from both sides.
What The Data Shows
The stock opened at $22.80, a 2.0% gap down from the prior close of $23.25. The session high was $22.83 at 7:00 AM ET, while the low reached $21.55 at 9:35 AM ET. Volume so far stands at 3.7 million shares, which is 0.2x the 3-month daily average. The company has a market cap of $7.2 billion and is currently unprofitable with a trailing twelve-month EPS of -1.59. Revenue has grown 217.6% over the trailing twelve months. The stock has printed four fresh 52-week lows on October 13, 2026, with a 52-week range of $19.00 to $50.73. Over the last eight sessions, the stock has moved down 3.8%. Recent insider activity includes one sale totaling $2.3 million by Director Richard Nottenburg on August 4, 2026.
What To Watch
Investors will monitor the company’s upcoming earnings date and the broader coverage breadth as the stock navigates its position near the lower end of its 52-week range.
AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Public view is delayed 4 hours from real time. Not financial advice.
APLD · today's session (5-min) · -5.85% vs prior close · updated 9:41 AM ETAI sentiment, last 36h · averaged over 6 stories · 52/100 neutral
The headlines behind the move
Story flow · 6 stories on the wire, last 36h · hover or tap a dot for the headline
6h ago24/7 Wall St.BEARISH 28General
Cipher Digital Tumbles 14% on $850M Convertible Note Offering and Share Exchange; Applied Digital Drops 5%
A fresh financing package is weighing heavily on Cipher Digital (NASDAQ:CIFR), a data center developer racing to build campuses for hyperscale tenants. Cipher Digital stock is down 14% to $11.20 in morning trading after the company paired a new convertible debt raise with an exchange of older notes for shares. Meanwhile, Applied Digital (NASDAQ:APLD) stock […]
20h agoYahoo FinanceBEARISH 42General
What Could Derail Applied Digital Stock?
If investors holding Applied Digital (APLD) have a primary worry, it is likely not demand. The company generated $341.9 million in revenue during the fiscal first quarter of 2027, representing a 322% increase from a year earlier. Yet the stock still lost 23% over three months, while the S&P 500 gained 2.8%. The fundamental issue is that every data center must be built before a tenant pays rent on it. So where will the money to build them come from.
1d ago24/7 Wall St.BULLISH 58General
Applied Digital Has $36 Billion in Contracted Revenue. Wolfspeed Has the Better Stock Chart.
One builds the AI factories, the other makes the chips that power them, yet the market is rewarding only one while punishing the other. Understanding why reveals a deeper split in how investors are valuing the infrastructure boom right now.
1d ago24/7 Wall St.BULLISH 58Product/PR
IREN Climbs 4% on Report of Unconfirmed Anthropic Cloud Deal; TeraWulf and Applied Digital Hold Flat
Shares of IREN Limited (NASDAQ:IREN) are up 4% to $36.70 in morning trading after a report linked the artificial intelligence (AI) cloud provider to Anthropic. That report, which neither company has confirmed, is raising IREN stock while the rest of its peer group barely moves. Even after the jump, IREN stock is still trading below […]
1d agoMarketBeatBULLISH 67Product/PR
Applied Digital Plugs Into Hyperscaler Buyout Bids
Applied Digital (APLD) secured a site for a 1-gigawatt AI campus in Finland, adding to its $36 billion contracted revenue backlog and 1.41 gigawatts of domestic leased IT load.
1d agoStocktwits NewsBULLISH 58General
SPCX, TSM, APLD, AMZN, TSLA: Why Retail Traders Couldn’t Take Their Eyes Off These Stocks Last Week
Investors focused on spectrum expansion, upcoming earnings, strong AI data center revenue, workforce cuts and acquisition talks.
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