Applied Digital stock drops 5% as tariff jitters hit high-beta AI data center names — what to watch next for APLD
Applied Digital shares fell 5.2% to $35.46 Tuesday as U.S. stocks and Bitcoin dropped sharply, following President Trump’s tariff warning. The Nasdaq slid 2.4%, while Bitcoin lost 3.78%. Investors are watching for updates on tariffs, interest rates, and Applied Digital’s major tenant leasing talks. The company reported $2.3 billion in cash and $2.6 billion in debt last quarter.