Applied Digital is trading 4.5% up at $30.13 in pre-market, staging a partial recovery after dropping 4.1% on July 13 due to crypto and AI infrastructure weakness.
- The rebound follows modest gains in Bitcoin and Ethereum since the last close, which has improved risk sentiment for crypto-linked equities.
- The move appears driven by crypto-specific sentiment rather than broad market strength, as the technology sector is trading lower in the pre-market session.