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Applied Digital Corp (NASDAQ: APLD) stock declined Thursday amid broader worries about AI financing costs and sticky CPI inflation data.
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The Nasdaq 100 fell 1.5% at midday Friday as memory chips and AI-debt names sold off, while Fed Chair Warsh declined to rule out an October hike after hot CPI and PPI. WTI held near $96, the 10-year yield hovered around 5.1%, gold bounced toward $4,200 and bitcoin traded near $81,300.
Applied Digital stock drops as AI debt concerns & surging CoreWeave bond yields trigger a sector-wide sell-off. Get the breakdown.
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Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.
Bond markets are signaling growing concern about AI infrastructure financing as companies borrow heavily to build data centers. CoreWeave faces severe pressure with bond yields at 16% and record credit default swap spreads of 1,195 basis points. Oracle, Meta, and SoftBank also show rising borrowing costs and credit concerns. The fundamental issue: AI projects require massive upfront capital spending before generating revenue, and it remains unclear whether returns will justify the investments.