We recently published 10 Stocks Already Shocking 2026 With Massive Gains. Applied Digital Corp. (NASDAQ:APLD) was one of the top performers last week.
Applied Digital soared by 16.88 percent week-on-week, as investors loaded portfolios ahead of the results of its earnings performance in the second quarter of fiscal year 2026.
According to the company, it is scheduled to release the results of its financial and operating highlights after market close on Wednesday, January 7. A conference call will be held to elaborate on the results.
A rendering of Applied Digital’s Polaris Forge 2 data center. Photo from Applied Digital’s website
In recent news, Applied Digital Corp. (NASDAQ:APLD) embarked on a restructuring that saw the creation of two separate entities for its cloud computing and data center businesses.
The strategy was implemented through a merger with EKSO Bionics Holdings Inc., an exoskeleton technology firm for medical and industrial uses, to be renamed ChronoScale and focus solely on an accelerated compute platform for AI workloads.
Applied Digital Corp. (NASDAQ:APLD) would own 97 percent of the combined firm, while EKSO Bionics would explore potential buyers for the sale of all or a substantial chunk of its business and assets.
“As enterprise and AI-native demand for GPU-accelerated cloud infrastructure continues to grow rapidly, the proposed transaction is intended to create a focused platform designed to deliver high-performance compute at scale in a capacity-constrained market,” Applied Digital Corp. (NASDAQ:APLD) said.
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Disclosure: None. This article is originally published at Insider Monkey.
