Applied Digital Corporation (NASDAQ:APLD) saw a 14.64% surge in stock price on Friday, closing at $28.11 apiece. The company successfully spun off its cloud computing and data center businesses through a merger with EKSO Bionics Holdings Inc., focusing on AI workloads with a new entity named ChronoScale. APLD owns 97% of the combined firm.

The merger aims to create a focused platform for high-performance compute at scale in a capacity-constrained market. While APLD shows potential as an investment, other AI stocks may offer higher returns with limited downside risk. For those interested in a cheap AI stock benefiting from Trump tariffs, a free report on the best short-term AI stock is available.

Read more at Yahoo Finance: Applied Digital (APLD) Soars 14.6% on AI Surge