From StockStory: 2025-06-13 15:33:00

Stocks dropped in the afternoon session following major indices (Nasdaq -1.3%, S&P 500 -1.1%) pulling back due to Israel’s strikes on Iranian sites, raising fears of broader conflict in the Middle East. Crude oil prices surged amid concerns of global supply disruptions. Market anxiety increased, leading to volatility and a shift to safe-haven assets. Applied Digital’s shares reacted to the news with significant moves, driven by recent agreements with CoreWeave. The contracts are expected to generate $7 billion in revenue over 15 years, positioning Applied Digital well in the AI-data-center space. The stock is up 43.3% YTD, offering long-term growth potential.



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