Applied Digital's stock fell 4% following JPMorgan's downgrade of its bonds due to concerns over increasing debt from funding new AI data centers. Despite strong quarterly revenue growth and long-term contracts worth $36 billion, investors worry about the company's heavy borrowing to finance its expansion. Management remains confident in maintaining a strong balance sheet and securing favorable financing for upcoming projects. The next debt raise's pricing will be crucial for investor sentiment and the company's financial health.
Applied Digital trades at USD 19.71 on Pluang, down 3.33% as of Oct 16, 2026 21:02 WIB, with a market cap of $6.17B. TeraWulf holds steady at USD 12.63, up 0.08%, while Core Scientific dips slightly to USD 14.41, down 0.31%. Pluang order activity shows stronger buying interest in these stocks, especially TeraWulf and Core Scientific, with buy ratios above 80%.
Shares of data center developers Cipher Digital and Applied Digital fell 9% and 6% respectively due to concerns over rising financing costs impacting their ability to fund new capacity ahead of rental income. Cipher Digital recently issued a zero-cou...
Cipher Digital's stock fell 5% following the pricing of an $850 million zero-interest convertible note aimed at funding an expansion of its AI data center projects, including the Barber Lake site. The company also plans a share exchange that increase...
Cipher Digital's stock dropped 14% following its announcement of an $850 million convertible senior notes offering combined with an exchange of existing debt for shares, which causes immediate shareholder dilution. The company is funding its data cen...
Applied Digital, which builds AI data centers with $36 billion in contracted revenue, has seen its stock fall 15.8% year to date due to high debt and unprofitability despite strong lease contracts. Meanwhile, Wolfspeed, a maker of power chips for AI ...
IREN Limited's stock rose 4% following an unconfirmed report that it signed a multiyear AI cloud contract with Anthropic, a private AI developer. This potential deal could add a major frontier AI lab to IREN's customer list, which already includes Mi...
