Applied Digital Shares Drop Amid Growth Concerns

Applied Digitals shares plummeted by 2.6% in afternoon trading, as investors fret over the companys rapid expansion plans. Meanwhile, the broader market saw a boost, with the Nasdaq and S&P 500 gaining 2.6% and 1.6% respectively, thanks to Alphabets new AI model. Despite todays dip, Applied Digitals stock is still up 282% this year, but remains 21% below its October 2021 peak.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.