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$XAU Applied Digital stock is falling today...
Why?
Applied Digital Corp shares are down 3.3% in mid-session trading, reaching $17.31 and giving back some of the previous session’s gains. A combination of two sector-wide shocks and company-specific concerns has weighed on AI infrastructure stocks broadly. The main catalyst was Nebius’s announcement of its third-quarter 2026 results today, accompanied by weak forward guidance. The company indicated that capital expenditures would range from $40 billion to $45 billion in 2027, raising concerns about the sustainability of spending on AI cloud computing and the ability of data center operators like Applied Digital to attract and retain top-tier tenants.

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