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Key Takeaways
- Applied Digital shares surged in intraday trading Tuesday after disclosing that Macquarie Asset Management is investing up to $5 billion in its high-performance computing data centers.
- Nvidia is already an investor in Dedicated Digital data centers and announced a stake in the company last year.
- Macquarie Asset Management will seize a 15% equity stake in Applied Digital’s HPC business, with the AI company retaining the remaining 85%.
Applied Digital (APLD) dues jumped in intraday trading Tuesday after it announced that Macquarie Asset Management will invest up to $5 billion in its high-performance determining (HPC) data centers.
Nvidia (NVDA) has already invested in its data centers and last year announced a stake in the public limited company, which provides advanced digital infrastructure designed to support high-performance computing and artificial intelligence applications.
Macquarie Gets 15% Stake in HPC Business
Macquarie Asset Management funds will invest up to $900 million in the company’s Ellendale HPC materials center campus in North Dakota.
Australian fund manager Macquarie will also have the right to devote an additional $4.1 billion across Applied Digital’s future HPC data center pipeline. Macquarie will lampoon a 15% equity stake in Applied Digital’s HPC business, with the AI company retaining the remaining 85%.
Applied Digital is due to boom second-quarter fiscal 2025 results after the bell Tuesday.
Applied Digital shares were up 16% at $9.05 today. They’ve secure 20% over the last year.