Price Update, Macquarie Financing, Hyperscaler Leases, Analyst Forecasts, and What Investors Are Watching Next
As of 12:47 p.m. ET in New York on Friday, December 26, 2025, Applied Digital Corporation (Nasdaq: APLD) is trading around $24.41, down roughly 5% on the session, after swinging between about $24.05 and $26.01 with holiday-thinned liquidity and active intraday volume.
That “thin liquidity” point matters today because the broader market setup is unusually quiet—but not necessarily calm. U.S. stocks are hovering near record levels in a “bridge” session between Christmas and the weekend, with many institutional desks effectively in end-of-year mode. Charles Schwab’s market update warned that light volume can exaggerate moves, even when headlines are sparse. [1] The Associated Press similarly described quiet, low-catalyst trading…
