Why Applied Digital Stock Skyrocketed 38% Last Month But Is Sinking in June
Despite high volatility, Applied Digital stock is up more than 60% in 2026.
Why Applied Digital Stock Skyrocketed 38% Last Month But Is Sinking in June
Overview
Applied Digital (NASDAQ: APLD) roared higher in May's trading, bounding 38% higher across the stretch. Meanwhile, the S&P 500 rose 5.2% in the month, and the Nasdaq Composite jumped 8.4%.
Investors were strongly bullish on the artificial intelligence (AI) trade last month, and many big names in the category saw massive valuation gains. Despite a pullback in June's trading, Applied Digital stock is up roughly 66% in 2026.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
