Jim Cramer May Like Applied Digital, But Stock Still Plummets 6% on Friday
Applied Digital (NASDAQ: APLD) stock plummets more than 6% on Friday during a broader growth-tech cooldown, following caution from TV analysts regarding the company's net losses.
Applied Digital's stock price dropped 6% on Friday because people got worried about the company losing money, even though some famous investors like the business. When a stock falls while the company is still losing money, it's worth watching whether they can start making profits soon.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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