---
title: "Why Is Applied Digital Stock Falling on Friday?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/305489428.md"
description: "Applied Digital (APLD) stock fell 9.17% on Friday, driven by sector-wide pressure from NVIDIA's CEO departure and Nebius Group's trimmed 2026 revenue outlook. Trading at $15.40, APLD remains in a downtrend below key moving averages, with technical support near $13. Despite analyst consensus ratings of 'Buy' and an average price target of $54.58, recent actions were mixed, reflecting broader AI infrastructure sell-offs."
datetime: "2026-11-13T16:26:30.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/305489428.md)
  - [en](https://longbridge.com/en/news/305489428.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/305489428.md)
generator: "portal-rs"
---

# Why Is Applied Digital Stock Falling on Friday?

**Applied Digital Corp.** (NASDAQ:APLD) stock is falling on Friday as a broader sell-off across artificial intelligence infrastructure companies weighs on investor sentiment.

The Nasdaq is down 1.68% while the S&P 500 has shed 0.81%.

 **• Applied Digital stock is showing notable weakness. What’s behind APLD decline?**

The downturn follows two sector developments: the departure of **NVIDIA Corp.** (NASDAQ:NVDA) CEO **Jensen Huang** and updated financial guidance from AI cloud peer **Nebius Group NV** (NASDAQ:NBIS). Because Nvidia sits at the center of the AI investment cycle, its leadership transition has raised questions among traders regarding the sector’s near-term outlook.

 **Read Also: Colette Kress’ First Nvidia Earnings Call Without Jensen Huang: 5 Things Investors Need to Hear** 

## **Nebius Financial Guidance**

Alongside the leadership transition, Nebius Group reported third-quarter results on Thursday that added pressure to data center operators. While Nebius beat quarterly revenue estimates at $980.8 million, the company said in its shareholder letter that it now expects fiscal 2026 revenue at the low end of its $3 billion to $3.4 billion range.

## **Technical Analysis**

From a trend perspective, APLD is still in a clear downtrend: it’s trading 14.5% below its 20-day SMA, 31.1% below its 50-day SMA, and nearly 49.8% below its 200-day SMA. The bearish backdrop is reinforced by the 20-day SMA sitting below the 50-day SMA and the Death Cross that formed in August (50-day moving below the 200-day).

Key support sits around $13, a level where buyers have previously stepped in. It is close to the stock’s 52-week low of $13.12 and could serve as a critical support zone if selling pressure intensifies.

Zooming out, the sector has been trending lower for a while, down 10.95% over the past 30 days and down 10.90% over the past 90 days. In that kind of environment, rallies tend to face quicker selling pressure, and stocks already below major moving averages can struggle to attract sustained dip-buying.

## **Analyst Outlook**

The stock carries a Buy consensus rating, with an average price target of $54.58. Recent analyst actions were mixed: **Morgan Stanley** lowered its price target to $25 while maintaining an Equal-Weight rating on Monday; **B. Riley Securities** lowered its target to $51 while reiterating its Buy rating on Oct. 30 and **Roth Capital** maintained its Buy rating with a $35 price forecast on Oct. 21.

**APLD Stock Price Activity:** Applied Digital shares were down 9.17% at $15.40 at the time of publication on Friday, according to Benzinga Pro data.

 **Read Also: TSMC Confirms Employee Data Leak Through Cloud Provider, Hackers Reportedly Demand 3 Bitcoins to Withhold 46,000 Records** 

*Photo: PJ McDonnell / Shutterstock*

### Related Stocks

- [APLD.US](https://longbridge.com/en/quote/APLD.US.md)
- [APLX.US](https://longbridge.com/en/quote/APLX.US.md)
- [APLZ.US](https://longbridge.com/en/quote/APLZ.US.md)
- [NBIS.US](https://longbridge.com/en/quote/NBIS.US.md)
- [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md)

## Related News & Research

- [Applied Digital after Nvidia sold 7.7M shares: Q2 fiscal results and risks](https://longbridge.com/en/news/305293912.md)
- [Applied Digital Grants Director Douglas S. Miller 14,450 Restricted Stock Units](https://longbridge.com/en/news/304643163.md)
- [Applied Digital Holds Annual Shareholder Meeting](https://longbridge.com/en/news/304625977.md)
- [APLD CEO Sees 'Scarcity Value' Driving AI Data Center Lease Rates by Over 15% on 250MW Expansion](https://longbridge.com/en/news/301267751.md)
- [Applied Digital Shareholders Elect Six Directors, Approve Say-on-Pay](https://longbridge.com/en/news/304321837.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**