By Simply Wall St
Publication Date: 2026-02-18 22:13:00
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Nvidia has completely exited its stake in Applied Digital (NasdaqGS:APLD), thereby closing its stake in the company.
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Applied Digital has begun construction on a new AI Factory campus focused on high-performance computing and AI workloads.
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The company reports long-term leasing revenue from hyperscalers tied to its data center footprint.
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Applied Digital’s cloud subsidiary is set to merge with Ekso Bionics to create ChronoScale, with Applied Digital gaining significant board and governance rights.
Applied Digital, which focuses on high-performance computing and AI data center infrastructure, is at an inflection point as Nvidia exits and the company moves forward with major expansion plans. For investors focused on data centers and AI infrastructure, this combination of shareholder changes and new project commitments shows how APLD…
