🔴 Applied Digital is trading 5.8% down today amid a technology selloff and surging bond yields

Applied Digital is trading 5.8% down at $29.36 as technology and growth stocks sell off amid geopolitical tensions, higher oil prices, and surging bond yields.

• The Nasdaq Composite is down 1.34% and XLK is down 1.62%; the 10-year Treasury yield reached 4.74% and the 30-year yield exceeded 5.32% as U.S.-Iran tensions intensified.
• Bitcoin is down 0.21% since the previous close and Ethereum is down 0.35%, so crypto weakness appears secondary.