Shares of crypto-linked stocks are trading higher amid a rise in Bitcoin as the digital currency surpasses a 2-month high with risk assets rebounding. The industry's rally may be related to strength among peers Hut 8, Strategy and IREN.

Applied Digital Stock Sinks: What's Fueling the Move?

Applied Digital Corp (NASDAQ:APLD) shares are falling Wednesday as investors fret over AI financing following a jump in CoreWeave's bond yield. A hot inflation report is also weighing on rate-sensitive stocks.

Shares of crypto-linked companies are trading lower as Bitcoin prices decline following the latest inflation data. Stronger-than-expected inflation has fueled expectations for tighter Federal Reserve policy, while rising Treasury yields and a stronger dollar are dampening risk appetite and weighing on speculative assets.

Applied Digital Stock Is Falling Tuesday: What's Going On?

APLD stock drops 4% today. Get the full breakdown on Q1 earnings, technical trend analysis, analyst price targets, and ETF exposure.

Morgan Stanley Maintains Equal-Weight on Applied Digital, Raises Price Target to $41

Morgan Stanley analyst Stephen Byrd maintains Applied Digital (NASDAQ:APLD) with a Equal-Weight and raises the price target from $37.5 to $41.

Shares of software companies are trading lower as elevated oil prices and stronger-than-expected inflation data fuel expectations of more Fed tightening at a quicker pace. Costlier borrowing may weaken sentiment for the sector's strong H2 2026 rally.

Bitcoin, Ethereum, Dogecoin Gain Ahead of CPI Inflation Data: ETH FOMO Surging Even as BTC, XRP 'Turn Fearful,' Says This Analyst

Leading cryptocurrencies posted steady gains on Tuesday, October 13, as investors awaited September’s consumer inflation data against a backdrop of elevated oil prices.