By Emily Dattilo
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 $9.72, putting it on track for its largest daily percentage increase since September, according to Dow Jones Market Data.
Funds managed by Macquarie will invest up to $900 million in one of the company's high-performance-computing, or HPC, data center campuses. The agreement also provides the asset manager the right to invest up to an additional $4.1 billion across the company's future HPC data center pipeline.
The Macquarie investment will take the form of a 15% equity interest of the HPC business segment, while Applied Digital will hold an 85% ownership stake.
The announcement follows news last year that investors including Nvidia and the real estate company Related Cos. were providing $160 million in financing to Applied Digital.
Quarterly earnings from Applied Digital are scheduled for after the stock market closes Tuesday.
Write to Emily Dattilo at emily.dattilo@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
January 14, 2025 08:59 ET (13:59 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。