Applied Digital Plunges 17%, Cipher Digital Sinks 14%, TeraWulf Tumbles 13% as Texas Data Center Fears Deepen
247wallst.com reports sharp drops in AI data center stocks — Applied Digital down 17%, Cipher Digital 14%, TeraWulf 13%, IREN 14% — as Texas Governor-elect Gina Hinojosa's pledge to halt new data center approvals stirs fear across the sector, which Bernstein expects to stay in gridlock. The site cautions investors to proceed carefully until the Texas freeze resolves, noting Applied Digital's roughly $6.4 billion debt as a bear point.
