Applied Digital's stock soared after a $5 billion investment from Macquarie for its HPC centers.

Applied Digital's stock surged today following a $5 billion investment from Macquarie Asset Management for its high-performance computing (HPC) centers. Macquarie will invest up to $900 million in Applied Digital's Ellendale HPC Campus and has options for additional investments. The deal aims to support the completion of the 400 MW campus and expand HPC data center projects, positioning Applied Digital as a leader in the sector. The company's stock also benefited from a lower-than-expected inflation report, with fiscal second quarter results expected after market close.

3 months ago
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