Applied Digital (APLD) stock rises in premarket as ChronoScale spin-out plan stays in focus
Applied Digital shares rose 3.6% to $25.40 in premarket trading Friday, after closing at $24.52. Analysts at Northland and Lake Street maintained bullish ratings and targets ahead of the company’s January 7 earnings call. Investors are watching the proposed ChronoScale spin-out with Ekso Bionics, which would create a new AI cloud provider.