Applied Digital (APLD) Rips 17% Higher Ahead of Q2 Earnings

We precocious published 10 Stocks Already Shocking 2026 With Massive Gains. Applied Digital Corp. (NASDAQ:APLD) was 1 of the apical performers past week.

Applied Digital soared by 16.88 percent week-on-week, arsenic investors loaded portfolios up of the results of its net show successful the 2nd 4th of fiscal twelvemonth 2026.

According to the company, it is scheduled to merchandise the results of its fiscal and operating highlights aft marketplace adjacent connected Wednesday, January 7. A league telephone volition beryllium held to elaborate connected the results.

A rendering of Applied Digital's Polaris Forge 2 information center. Photo from Applied Digital's website

In caller news, Applied Digital Corp. (NASDAQ:APLD) embarked connected a restructuring that saw the instauration of 2 abstracted entities for its unreality computing and information halfway businesses.

The strategy was implemented done a merger with EKSO Bionics Holdings Inc., an exoskeleton exertion steadfast for aesculapian and concern uses, to beryllium renamed ChronoScale and absorption solely connected an accelerated compute level for AI workloads.

Applied Digital Corp. (NASDAQ:APLD) would ain 97 percent of the combined firm, portion EKSO Bionics would research imaginable buyers for the merchantability of each oregon a important chunk of its concern and assets.

“As endeavor and AI-native request for GPU-accelerated unreality infrastructure continues to turn rapidly, the projected transaction is intended to make a focused level designed to present high-performance compute astatine standard successful a capacity-constrained market,” Applied Digital Corp. (NASDAQ:APLD) said.

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READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.