Applied Digital (APLD) Jumps 3% on Cloud Business Spinoff

We recently published 10 Stocks Quietly Climbing Toward 2026. Applied Digital Corp. (NASDAQ:APLD) is one of the best performers on Monday. Applied Digital snapped a four-day losing streak on Monday, jumping 3.16 percent to close at $24.81 apiece as investors took heart from a new corporate strategy, which will see the separation of its cloud computing and data center businesses. In a statement, Applied Digital Corp. (NASDAQ:APLD) said that it would spin off Applied Digital Cloud into a separate company ...