Applied Digital Is Still Down 39% in the Past Month: Is APLD Stock Hopeless or Ready for a Rebound?
David Moadel's 247wallst.com article weighs whether Applied Digital's 39% monthly slide to $15.48 — amid an AI data center selloff, a Texas governor-elect pledge to halt new data center approvals, and debt of $6.48 billion against $2.95 billion in cash — reflects broken fundamentals or a sector-wide repricing. He notes the stock's 9% November 6 rebound beat peers CoreWeave and IREN, quotes CEO Wes Cummins's view that restrictions elsewhere make its campuses harder to replicate, cites Bernstein's Gautam Chhugani expecting the data center pause to continue, and suggests a conservative approach until the next financing round.
