Home / NEWS LINE / Applied Digital Stock Jumps on Up to $5B Investment by Australian Fund Macquarie

Applied Digital Stock Jumps on Up to $5B Investment by Australian Fund Macquarie

 Pavlo Gonchar / SOPA Images / LightRocket via Getty Images

 Pavlo Gonchar / SOPA Personifications / LightRocket via Getty Images

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.

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