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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat($n)),notifLabel:document.querySelector(".".concat(Xn))};t.notifDropdown&&so(e,t)}))}()}};]]>Keith Noonan, The Motley FoolWed, November 12, 2025 at 9:41 PM GMT+1 3 min readApplied Digital announced plans to raise $787.5 million in equity-backed funding today.News of the capital raise came on the heels of another big proposed fundraising move at the beginning of the week.10 stocks we like better than Applied Digital ›Applied Digital (NASDAQ: APLD) stock is seeing another round of sell-offs Wednesday. The company's share price has declined 10% as of 3:10 p.m. ET amid the backdrop of a 0.1% decline for the S&P 500 and a 0.5% decline for the Nasdaq Composite.The stock began falling after the company announced that it is pursuing another new round of fundraising. The announcement came on the heels of a press release detailing a proposal for raising $2.35 billion through new secured senior notes.Image source: Getty Images.Applied Digital announced today that it will receive $787.5 million in funding from Macquarie Asset Management. In exchange for the new cash infusion, Applied Digital will issue new stock for Macquerie.Applied Digital plans to use the new funds to help with construction and associated expenses at the company's Polaris Forge 1 and Polaris Forge 2 data center campuses in North Dakota. The news comes on the heels of an announcement at the beginning of the week that the company had proposed issuing $2.35 billion in convertible senior notes that would be set to come due in 2030.In addition to recent pullbacks connected to fundraising moves, Applied Digital has also seen its valuation pressured by a broader trend among investors to assign lower multiples to artificial intelligence (AI) stocks. Fears that valuations for AI stocks could be in a bubble could continue to cause market volatility in the near term, and Nvidia's Nov. 19 third-quarter earnings report looks poised to be a meaningful catalyst for Applied Digital and other companies in the artificial intelligence space.Before you buy stock in Applied Digital, consider this:The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Applied Digital wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $612,872!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,184,044!*Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,744.75 -15.25 (-0.23%)Dow Futures47,475.00 -72.00 (-0.15%)Nasdaq Futures24,999.00 -95.75 (-0.38%)Russell 2000 Futures2,387.00 -3.00 (-0.13%)VIX20.00 0.00 (0.00%)Gold4,183.50 -11.00 (-0.26%)PortfolioSign in to access your portfolioSign inTop gainersCLBT Cellebrite DI Ltd. 19.28 +3.31 (+20.73%)ONDS Ondas Holdings Inc. 6.56 +1.05 (+19.06%)FLY Firefly Aerospace Inc. 21.42 +3.11 (+16.99%)SEE Sealed Air Corporation 42.50 +6.12 (+16.82%)TTEK Tetra Tech, Inc. 37.41 +4.96 (+15.29%)Top losersBTDR Bitdeer Technologies Group 11.11 -2.83 (-20.30%)FRMI Fermi Inc. 17.50 -4.26 (-19.58%)BE Bloom Energy Corporation 103.55 -23.17 (-18.28%)FLNC Fluence Energy, Inc. 16.25 -2.96 (-15.41%)VIA Via Transportation, Inc. 43.14 -7.36 (-14.57%)Most activeONDS Ondas Holdings Inc. 6.56 +1.05 (+19.06%)OPEN Opendoor Technologies Inc. 8.56 -0.81 (-8.64%)NVDA NVIDIA Corporation 186.86 -6.94 (-3.58%)SOFI SoFi Technologies, Inc. 28.39 -3.82 (-11.86%)PLUG Plug Power Inc. 2.4900 -0.2400 (-8.79%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersBTC-USD Bitcoin USD 96,996.96 -6,464.32 (-6.25%)TSLA Tesla, Inc. 401.99 -28.61 (-6.64%)ETH-USD Ethereum USD 3,207.18 -338.35 (-9.54%)MSTR Strategy Inc 208.54 -16.07 (-7.15%)COIN Coinbase Global, Inc. 283.14 -20.86 (-6.86%)Top economic events