🟢 Applied Digital is trading 5.23% up today as traders rotate back into beaten-down AI infrastructure

Applied Digital is trading at $27.14 (+5.23%) as of the live market open, staging a rebound after recent sharp declines.

• The move is driven by a rotation back into AI infrastructure names following a significant selloff in the previous week.
• The stock is recovering from oversold levels, with price action appearing more tied to sector sentiment than crypto prices, as Bitcoin (+0.08%) and Ethereum (+0.34%) remain relatively flat.
• While broader tech markets are firmer, Applied Digital is seeing outsized gains as it bounces off technical lows.