Applied Digital Trading Volume Drops 36.9% to $459 Million Ranking 221st Despite 3.31% Stock Price Increase

On June 16, 2025, Applied Digital (APLD) saw a trading volume of $459 million, a 36.9% decrease from the previous day, ranking 221st in the day's stock market activity. The stock price of APLD increased by 3.31%.

Applied Digital has divested its cloud services business to resolve customer conflicts, support its REIT plans, and capitalize on the strong momentum in HPC data-center leasing. This strategic move is aimed at streamlining the company's operations and focusing on its core strengths.

CoreWeave has officially sold all of its shares in Applied Digital, as disclosed in a regulatory filing submitted on June 10. This divestment marks a significant change in the ownership structure of Applied Digital, potentially impacting its future strategic directions and market positioning.

In an interview with The Tech Capital, Wes Cummins, CEO of Applied Digital, discussed the company's significant AI infrastructure deal, highlighting the company's commitment to innovation and growth in the tech sector. This deal is expected to further solidify Applied Digital's position in the market and drive future growth.