Applied Digital Plummets 4.72% as Market Turbulence and Trump Tariffs Weigh Volume Dips to 212th in Ranking Amid Weak Jobs Data

On August 1, 2025, Applied Digital (NASDAQ: APLD) closed with a 4.72% decline, trading at a daily volume of $0.62 billion, a 66.37% drop from the previous day’s activity. The stock ranked 212th in market volume, reflecting subdued investor interest amid broader market turbulence.

The selloff followed a volatile session marked by macroeconomic headwinds. The Bureau of Labor Statistics reported a weaker-than-expected 73,000 nonfarm jobs added in July, with significant downward revisions to prior months’ figures. Concurrently, President Trump’s new tariff measures, set to take effect on August 7, intensified market jitters. These developments exacerbated selling pressure across equities, with the S&P 500 and Nasdaq Composite declining 1.8% and 2.5%, respectively.

Despite the pullback, Applied Digital’s recent earnings report and a strategic partnership with AI firm CoreWeave—granting access to an additional 150 megawatts of data-center capacity—remain key long-term catalysts. The company’s ability to retain value during the session, despite early losses of up to 13.2%, suggests some investor confidence in its growth trajectory amid macroeconomic uncertainty.

Backtesting data highlights the efficacy of liquidity-driven strategies in volatile markets. A strategy purchasing the top 500 stocks by daily trading volume and holding them for one day achieved a 166.71% return from 2022 to present, outperforming the benchmark by 137.53%. This underscores the role of high-volume stocks in capitalizing on short-term liquidity concentration during periods of market stress.