Core Viewpoint - Applied Digital Corporation (NASDAQ:APLD) is gaining attention as a promising investment opportunity in the tech sector, with recent coverage from multiple firms indicating strong growth potential and strategic developments [1][2][3]. Group 1: Analyst Ratings and Price Targets - Arete Research initiated coverage of Applied Digital with a Buy rating and a price target of $99 [1][3]. - Freedom Capital also initiated coverage with a Buy rating, setting a price target of $36, and projecting an adjusted EBITDA margin exceeding 60% within two fiscal years [2]. Group 2: Strategic Developments - Applied Digital announced a non-binding agreement to combine its cloud computing business with EKSO Bionics, forming a new entity called ChronoScale Corporation, which will focus on next-gen AI workloads [3]. - The proposed deal will result in Applied Digital owning approximately 97% of the new company, which will leverage Applied Digital's AI Factory campuses and innovative cooling technologies [3]. Group 3: Business Operations - Applied Digital designs, develops, and operates digital infrastructure solutions specifically for the High-Performance Computing (HPC) and AI industries in North America [4]. - The company operates through two main segments: Data Center Hosting Business and HPC Hosting Business [4].