How Benzinga’s view on $APLD changed

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2026-10-08Bearish
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APLD faces downside risk; breaking below $23 could lead to a drop to $19-$20 driven by AI slowdown/valuation concerns.

Stocks in focus for today are Applied Digital rose 3.95% in pre-market trading on Thursday after posting better than expected financial results for the first quarter.

Take a look. Uh APLD is one we're talking about. It had earnings. So it's coming in. It's a post earnings play. Stock down from a high of 48. I got butchered in this after it being one of the best stocks on the way up.

I was in it below 10 or I think definitely below 12. Traded it all. No, definitely below 12. Anyhow, traded it all the way up. First time I traded it was like at four when it was getting hit on earnings and I was going to the sphere in Las Vegas.

Anyhow, went all the way up to 48. Came back down. Now it has earnings. Interesting. I find this to be interesting right now because it's just a it's kind of flat. You never see a stock flat on earnings.

It's like and I don't know what that means, but like what do you think is possible breakouts upside down side?