Applied Digital (APLD) stock jumps 15% ahead of Jan. 7 earnings as ChronoScale deal looms
Applied Digital shares jumped 14.6% to $28.11 Friday, outpacing the Nasdaq and S&P 500 on the first trading day of 2026. The company last month agreed to combine its cloud unit with Ekso Bionics to form ChronoScale, expecting to own 97% of the new platform. Applied Digital signed a $5 billion, 15-year lease for 200 MW at its North Dakota site in October. Short interest stood at 31% of public float as of Dec. 15.