Shares of Applied Digital (NASDAQ:APLD) dropped 6% after securing a $100 million loan facility with Macquarie Group for AI data center projects. Investors expressed concern over increasing debt overshadowing growth potential in the volatile sector. Applied Digital’s shares have been highly volatile, with 93 moves exceeding 5% in the past year, indicating the market sees the news as significant but not game-changing. The company’s stock surged 234% this year, currently trading 31% below its 52-week high. Despite the recent drop, opportunities may arise for investors eyeing high-quality stocks like Applied Digital.

Read more at Stockstory.org: Why Applied Digital (APLD) Stock Is Trading Lower Today