The recent sell-off in AI infrastructure, semiconductor, and digital asset stocks has erased billions in market value and pushed investor sentiment sharply lower.
Concerns over debt burdens, data center spending, and slowing enthusiasm for speculative growth names have weighed heavily on the sector.
Yet while many investors have headed for the exits, several senior executives have actually taken the opposite approach.
Recent insider purchases at Applied Digital, Intel, and Galaxy Digital suggest management teams see the pullback as an opportunity rather than a reason to panic, collectively committing roughly $25 million of personal capital to their own companies’ shares.
Applied Digital (APLD)
Applied Digital shares have lost nearly 39% since mid-September as investor sentiment toward AI infrastructure companies deteriorated.
Regulatory restrictions on new data center approvals in Texas have added another layer of uncertainty, particularly for operators reliant on large-scale capacity expansions.
The company also faces scrutiny over its sizable debt load, which stands at $6.4 billion and may need to grow further as it pursues an ambitious buildout exceeding 800 megawatts of capacity.
Despite those concerns, President and co-founder Gechen Jason Zhang purchased 300,000 shares at $18.86 each, investing about $5.66 million.
The transaction increased his holdings by nearly 12% to 2.84 million shares.
With short interest standing at 23.9%, Zhang’s purchase suggests confidence that the recent sell-off has become disconnected from the company’s long-term AI infrastructure opportunity.
Intel (INTC)
Intel has been one of the market’s biggest casualties in recent weeks, with shares tumbling nearly 50% since late September.
Unlike many of the other stocks caught in the downturn, however, Intel does not face significant pressure from short sellers, with short interest sitting at just 2.8%.
Investors instead appear focused on whether the semiconductor giant can successfully execute its transformation into a major contract chip manufacturer.
CEO Lip-Bu Tan signaled his conviction by purchasing 150,000 shares at $64.73 apiece on Nov. 2, a transaction worth roughly $9.7 million.
The buy increased his ownership stake by more than 11% to 1.46 million shares.
While INTC stock trades at a rather stretched valuation multiple, management’s long-term thesis rests on attracting external customers to advanced manufacturing technologies such as its 18A and the upcoming 14A process node.
Tan’s purchase suggests he believes the market is underestimating that opportunity.
Galaxy Digital (GLXY)
Galaxy Digital has staged a modest rebound from its recent 52-week low but remains down more than 40% over the past month and roughly 34% for the year.
Investors have been concerned about debt exposure, unleased data center capacity, and the broader correction across AI and digital infrastructure stocks.
Short interest has climbed to 20.64%, reflecting continued skepticism toward the name.
CEO Michael Novogratz took advantage of the weakness on Nov. 5, purchasing 760,000 Class A shares for approximately $9.86 million, the largest insider buy among the three companies.
The purchase price worked out to roughly $12.98 per share.
Galaxy’s combination of digital asset services, institutional trading, custody operations, and West Texas data centers provides exposure to both crypto and AI infrastructure markets.
Novogratz’s sizable purchase suggests he views the recent decline as an opportunity to accumulate shares while sentiment remains deeply negative.
AI disclosure: AI tools assisted with research and drafting of this piece. An Invezz editor reviewed the facts, sources and wording before publication. Any opinions or analysis are Invezz’s, not those of an automated system.
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