In the stock market, AI-linked high-flyers experienced a downturn following disappointing earnings reports from Oracle and Broadcom. Oracle missed revenue estimates and increased capital expenditures by $15 billion, sparking concerns about AI infrastructure spending outpacing monetization. Broadcom, despite beating earnings, saw its stock drop as CFO Kirsten Spears warned of potential gross margin pressure. This led to a macro rotation away from AI infrastructure plays. Among the impacted stocks was Applied Digital (APLD), which has been volatile with concerns over rapid expansion and rising debt overshadowing data-center growth. Despite a 256% increase this year, APLD is still trading below its 52-week high.

Read more at StockStory: Applied Digital, Benchmark, Knowles, Cognex, and Flex Stocks Trade Down, What You Need To Know