Applied Digital Sinks 8% as Nebius Outlook and NVIDIA CEO Exit Hit AI Data Center Stocks; Cipher Digital Falls 4%, TeraWulf Slides 3%247wallst.com· 2d
David Moadel reports on 247wallst.com that AI data center stocks fell on November 12, 2026 — Applied Digital down 8% to $16.45, Cipher Digital 4%, Core Scientific 5%, and TeraWulf 3% — after Nebius Group issued what he calls a weak outlook and Jensen Huang resigned as NVIDIA CEO. Moadel argues the drop highlights financing and tenant questions: Applied Digital's $113.1 million quarterly interest cost, $6.4 billion of debt, and reliance on CoreWeave weigh on it, though its $36 billion of contracted revenue supports optimism.
