Macquarie to invest $5 billion in Applied Digital data centers, boosting shares 20% pre-market

From Investing.com: 2025-01-14 08:35:37

Australian investment bank Macquarie to take 15% stake in Applied Digital, investing up to $5 billion in AI data centers. Stake worth $250 million. Shares of Applied Digital surge 20% pre-market. ChatGPT launch in 2022 drives AI investment. Macquarie to invest $900 million in North Dakota data center campus.

Applied Digital CEO Wes Cummins says deal provides enough equity for high-power data centers. New funding to repay debt and recover over $300 million of equity investment. Shares triple in past two years. Microsoft to invest $80 billion in AI data centers in fiscal 2025. Applied Digital to report Q2 results after market close.



Read more at Investing.com: Australia’s Macquarie to invest up to $5 billion in Applied Digital data centers By Reuters