9.85
price up icon7.65%   0.70
pre-market  Pre-market:  10.70   0.85   +8.63%
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Why is Applied Digital Corporation (APLD) Stock down?

We've noticed a 5.53% decline in Applied Digital Corporation (APLD) stock during the 2024-11-13 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
09 Oct, 2023:

Shares of Applied Digital (APLD) dropped by 6.96% from $5.17 to $4.81 in the trading on Monday October 9, 2023. The reason why APLD stock down is due to the company's mixed first-quarter fiscal 2024 results, despite revenue soaring 425% to $36.3 million. However, the widened net loss of $9.6 million ($0.10 per share) compared to an expected loss of $0.04 per share on lower revenue of $33.8 million disappointed investors. Additionally, Applied Digital revised its full-year 2024 guidance, maintaining revenue projections of $385 million to $405 million, with cloud-computing segment revenue expected to come in later in the fiscal year.

24 Aug, 2023:

Applied Digital's shares declined 11.9% from $6.78 to $5.97 as concerns arose among investors about the potential conclusion of the strong bull run in artificial intelligence (AI) stocks, influenced by Nvidia's impressive second-quarter results.

https://www.fool.com/investing/2023/08/24/why-applied-digital-stock-plummeted-today/

06 Jul, 2023:

Applied Digital's shares fell 14.2% from $8.97 to $7.70 after The Bear Cave newsletter's Edwin Dorsey expressed skepticism, suggesting that the company relies more on exaggerated claims than substantial achievements.

https://www.fool.com/investing/2023/07/06/why-applied-digital-stock-dove-by-over-14-today/

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