Applied Digital Rallies 14.6% to $28.11 on Renewed AI Interest
The stock move follows plans to create ChronoScale via an Ekso Bionics merger that concentrates its GPU compute platform.
Overview
- Shares rose for a second straight session on Friday, closing up 14.64 percent at $28.11 without new company-specific catalysts.
- Applied Digital is carving out its cloud and data center operations through a merger with Ekso Bionics that will be renamed ChronoScale.
- The combined entity is set to focus on delivering accelerated compute for AI workloads in a capacity-constrained market.
- Applied Digital would own about 97 percent of the merged company, while Ekso Bionics explores potential asset sales.
- A recently disclosed Macquarie facility supports pre-lease development, with an initial $100 million draw planned for new data center campuses.