Applied Digital (APLD) Soars 14.6% on AI Surge

Core Insights - Applied Digital Corporation (NASDAQ: APLD) has seen a significant stock price increase of 14.64% to close at $28.11, driven by renewed investor interest in artificial intelligence despite the absence of new catalysts [1] - The company successfully spun off its cloud computing and data center businesses to focus on its core strengths [1] Group 1 - The merger with EKSO Bionics Holdings Inc. aims to create a focused platform for AI workloads, with Applied Digital owning 97% of the combined firm [2] - EKSO Bionics will seek potential buyers for its business and assets as part of the merger [2] - The transaction is designed to meet the growing demand for GPU-accelerated cloud infrastructure in a capacity-constrained market [2]