Applied Digital shares rose 9% as AI data center stocks recovered from a recent drop caused by CEO concerns over financing new capacity amid rising borrowing costs. Despite a 30% decline over the past month, the company reassured investors by highlighting long-term leases with highly rated tenants and a clear funding plan involving preferred equity and project debt. Other AI infrastructure players like IREN and Nebius also gained, reflecting renewed investor confidence. The key challenge remains Applied Digital's ability to finance remaining capacity without harming lease economics, with the next quarterly report due January 2027.
As of Nov 04, 2026 01:01 WIB, Applied Digital Corporation shares are trading at USD 17.80 on Pluang, up 9.74% for the day, reflecting strong investor interest despite recent financing concerns. Nebius Group NV also gained 7.16%, trading at USD 151.51, with a notable 61% buy order activity on Pluang. Applied Digital's market cap stands at $4.90 billion, highlighting its significant presence in the AI data center sector.
