Australia's Macquarie to invest up to $5 bln in Applied Digital data centers
Australia's Macquarie on Tuesday agreed to take a 15% stake in Applied Digital's high-performance computing business and invest up to $5 billion in the company's artificial intelligence data centers amid booming AI demand.
Applied Digital Stock Jumps on Up to $5B Investment by Australian Fund Macquarie
Applied Digital shares jumped in intraday trading Tuesday after the digital infrastructure firm said Macquarie Asset Management is investing up to $5 billion in its high-performance computing data centers.
Australia's Macquarie to invest up to $5 billion in Applied Digital data centers
Shares of Applied Digital rose about 20% before the opening bell. Since the launch of ChatGPT in late 2022, providers of computing infrastructure like Applied Digital have been seeing heavy investment from companies looking to train their own AI models and get ahead of competitors.
Applied Digital Shares Climb on $5B Data Center Investment From Macquarie
Applied Digital shares climbed Tuesday after the company confirmed that Macquarie Asset Management would invest up to $5 billion in the AI company's data centers. Shares were recently up 23% to $9.55 in premarket trading.
Applied Digital Gets Help in Building AI Data Centers. Macquarie Joins Nvidia as Investor.
Shares of Applied Digital were trading sharply higher after the operator of artificial-intelligence data centers announced it would be receiving up to $5 billion from Macquarie Asset Management. Applied Digital stock gained 25% to $9.
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