Applied Digital stock slides after ChronoScale cloud spinout plan with Ekso; APLD traders eye Jan. 7 earnings
NEW YORK, December 30, 2025, 20:18 ET — Market closed Applied Digital shares fell 2.9% to $24.08 on Tuesday, retreating from early gains as investors weighed the company’s plan to spin out its cloud computing business into a proposed tie-up with Ekso Bionics. The Nasdaq-listed stock traded between $24.03 and $26.33, with about 25.5 million shares changing hands. The proposal matters because Applied Digital has become a high-volatility bet on the buildout of artificial intelligence infrastructure. GPU clouds—built around graphics processing units that do much of the heavy lifting for AI training—demand large upfront spending and steady access to capital.