Why Applied Digital Stock Fell More Than 14% Today

Is the stock of Applied Digital (NASDAQ: APLD) set for a monster fall?

Two bearish pundits would surely answer an emphatic "yes" to that question. On Thursday, the pair weighed in negatively on the company, and as a result the share price of the data center operator cratered by more than 14%. 

The first pundit was Edwin Dorsey, the man behind The Bear Cave newsletter. As its name implies, the Substack platform's feed details what Dorsey believes to be the shareholder value-draining moves of notable companies. On Thursday, he focused his ire on Applied Digital.

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Source Fool.com