Applied Digital plans to divest cloud services division to focus on data center REIT, promising financial advantage.

From Nasdaq: 2025-06-16 09:13:00

Applied Digital (APLD) plans to sell its cloud services division in April to focus on data center REIT, anticipating a strategic and financial advantage. Divesting the unit aims to resolve customer conflicts, streamline operations for REIT conversion, and capitalize on data-center and HPC leasing momentum.

Boeing (BA) announced the sale of major portions of its Digital Aviation Solutions business to cleanse its balance sheet, prioritize core assets, and rebuild investor trust. This divestiture under Ortberg’s leadership signifies a shift to disciplined strategic execution and prepares for increased production in the coming years.

Advanced Micro Devices (AMD) is in talks to sell its data-center manufacturing plants for up to $3-$4 billion, emphasizing a strategic plan to streamline operations and focus on AI-driven semiconductor products. The move reflects a commitment to strengthen U.S. AI-oriented manufacturing capabilities and drive growth in the semiconductor industry.



Read more at Nasdaq: Applied Digital’s Cloud Services Business Divestment Looks Promising