Applied Digital Corp. (NASDAQ:APLD) saw a 16.88% increase in stock value last week as investors anticipated its second-quarter fiscal year 2026 earnings report. The company plans to release financial results on January 7, followed by a conference call to discuss the outcomes. A restructuring split APLD into separate entities for cloud computing and data center operations, merging with EKSO Bionics Holdings Inc. to form ChronoScale, focusing on AI workload acceleration. Applied Digital will own 97% of the new entity, while EKSO Bionics explores options for its remaining business and assets. The move aims to address growing demand for high-performance compute platforms in the cloud infrastructure market.

Read more at Yahoo Finance: Applied Digital (APLD) Rips 17% Higher Ahead of Q2 Earnings