StocksMedium•13 November 2026•
1 min read
Applied Digital Stock Declines Amid AI Sector Selloff
Key Facts
1Applied Digital (APLD) stock dropped Friday amid sector-wide pressure in the technology and AI space.
2The sector was pressured by the departure of Nvidia's CEO and Nebius Group trimming its 2026 revenue outlook.
Applied Digital (APLD) stock dropped Friday amid sector-wide pressure in the technology and AI space. Benzinga reported that the sector was pressured by the departure of Nvidia's CEO and Nebius Group trimming its 2026 revenue outlook, which dampened investor confidence in AI-related infrastructure stocks.
Applied Digital closed at $16.95 on November 12, 2026, while Nvidia closed at $166.19 on the same date. Additionally, Nebius Group recorded a close of $128.64 on November 12, 2026, as semiconductor peers AMD and TSM closed at $585.3 and $405.49 respectively on that day.