🟢 Applied Digital is trading 10% up today as data-center and chip stocks recover

Applied Digital is trading at $15.60, up 10.06%, alongside data-center and chip stocks recovering after Thursday’s AI-led selloff.

• Reuters reports data-center operators recovered from deep losses as chip stocks gained ground.
• The rebound follows investor concerns about potential AI regulation and slower data-center expansion after the midterm results.
• Bitcoin is down 0.28% and Ether is down 1.00% over 24 hours, so crypto does not appear to explain the stock’s rise.