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Aditya Raghunath

Applied Digital Is Spinning Out Its Cloud Business. How Should You Play APLD Stock Here?

Applied Digital APLD CoreWeave Wes Cummins

Applied Digital (APLD) announced a strategic spinoff that could reshape its position in the booming AI infrastructure market. The data center operator revealed plans to merge its cloud computing division, Applied Digital Cloud, with EKSO Bionics Holdings (EKSO) in a deal that will create a new entity called ChronoScale Corporation, focused exclusively on AI workloads.

The transaction structure is unusual but potentially lucrative for Applied Digital shareholders. Once the deal is closed, Applied Digital will retain approximately 97% ownership of the combined company. It will effectively spin out its cloud business while maintaining near-complete control.

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