BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Applied Digital (APLD) Stock Corrects After 124% Monthly Surge Amid CoreWeave Partnership
Applied Digital (APLD) Stock Corrects After 124% Monthly Surge Amid CoreWeave Partnership
17
1
Applied Digital shares retreated 4.61% to $12.60, extending Monday''s 6.06% decline as traders locked in profits from the data center operator''s parabolic rally. Despite the pullback, the stock maintains staggering gains of 124% over 30 days and 181% year-over-year.
The selloff follows APLD''s landmark 15-year agreement with CoreWeave to provision 250MW of data center capacity in North Dakota. Initial 100MW capacity comes online by Q4 2025, with full deployment expected mid-2026. Analyst sentiment remains cautiously optimistic with 8 bullish ratings against 3 somewhat bullish and 1 neutral, though the average $11.50 price target suggests potential downside from current levels.
By:
Previous
Qitmeer Network Partners with Titan Pay to Enable Crypto-to-Fiat Conversions
Next
JPMorgan Faces Employee Morale Decline Amid Return-to-Office Mandate
