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Applied Digital Stock Surges on Up to $5B Investment by Macquarie
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Main points
- Shares in Applied Digital soared on Tuesday after announcing Macquarie Asset Management would invest up to $5 billion in its high-performance computing data centers.
- Nvidia is already an investor in Applied Digital data centers and announced a stake in the company last year.
- Macquarie Asset Management will hold a 15% stake in Applied Digital’s HPC business, with the artificial intelligence company retaining the remaining 85%.
Apply numbers (APLDShares in Macquarie Asset Management rose during the session on Tuesday after announcing it would invest up to $5 billion in its high-performance computing (HPC) data centers.
NVIDIA (NVDA) has invested data center and announced last year bet The company provides advanced digital infrastructure designed to support high-performance computing and Artificial Intelligence Application.
Macquarie acquires 15% stake in HPC business
Macquarie Asset Management will invest up to $900 million in the company’s Ellendale HPC data center campus in North Dakota.
Australia fund manager Macquarie will also have the right to invest an additional $4.1 billion in Applied Digital’s future HPC data center pipeline. Macquarie will charge 15% fair Holding a stake in Applied Digital’s HPC business, the AI ​​company retains the remaining 85%.
Applied Digital to report second quarter fiscal The 2025 results will be announced after the bell on Tuesday.
Applied Digital shares rose 16% today to $9.05. They are up 20% from last year.
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