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NASDAQ:CHRN 11 May 2026

Applied Digital Just Spun Out ChronoScale: What CHRN Means for APLD Stock Now

Applied Digital Just Spun Out ChronoScale: What CHRN Means for APLD Stock Now

Applied Digital’s cloud unit began trading as ChronoScale (CHRN) on Nasdaq, with Applied keeping about 97% ownership after contributing the business to EKSO Bionics and investing $15.75 million. ChronoScale opened at $15.57, while Applied Digital last traded at $41.25. Applied also secured a $300 million bridge loan led by Goldman Sachs for its North Dakota data center. The company reported Q3 revenue of $126.6 million and a net loss of $100.9 million.
11 May 2026
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Stock Market Today

  • SolarEdge Faces Risks Amid Rapid Stock Surge; Alternatives Offer Better Fundamentals
    June 3, 2026, 2:23 PM EDT. SolarEdge Technologies (SEDG) shares have soared 150% in six months, hitting a 52-week high of $78.96. However, analysts caution against buying now due to declining revenue, which has dropped 2.3% annually over five years, and negative free cash flow margins averaging -7.4%, indicating cash burn. Additionally, its return on invested capital (ROIC) is falling, signaling weaker profitable growth prospects. Valued at a high forward price-to-earnings ratio of 127.3, the stock appears overvalued. Experts suggest investors consider more fundamentally robust companies, highlighting a leading aerospace firm excelling in mergers and acquisitions as a better alternative investment.

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