Applied Digital is trading 4.5% down at $25.98 after an early pre-market bounce ahead of its expected Q4 2026 earnings report reversed once regular trading began.

  • The stock was previously indicated 4.9% higher at $28.52 as traders positioned for the upcoming earnings release and slightly firmer cryptocurrency prices.
  • Broader tech-sector weakness and profit-taking following last week’s sharp moves appear to be weighing on shares during intraday trading.