CORRECTED-Macquarie to invest up to $5 bln in Applied Digital data centers, WSJ reports
ReutersJan 14, 2025 4:39 PM
Corrects paragraph 1 to say Macquarie will take a stake in Applied Digital's high-performance computing unit, not the whole company
Jan 14 (Reuters) - Investment bank Macquarie will invest up to $5 billion in Applied Digital's APLD.O AI data centers and will take a 15% stake in the company's high-performance computing business, the Wall Street Journal reported on Tuesday.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Saumyadeb Chakrabarty)
((Zaheer.Kachwala@thomsonreuters.com))
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
Hassett as Potential Fed Chair: Why He Could Be the Best Choice for U.S. Stocks and the Dollar
Why would Hassett be the best choice for US stocks and the US dollar if he were to become the Federal Reserve Chairman?TradingKey
14 hours ago
The Closed Loop of the GPU Empire: Analyzing NVIDIA's Investment in Synopsys and Its Implications for Your AI Asset Allocation
NVIDIA invests $2B in Synopsys (Dec 2025), taking 2.6% stake and integrating CUDA GPU acceleration into EDA tools. Deal unlocks trillion-dollar industrial simulation market and cements NVIDIA's AI empire closed loop. Synopsys gains high-margin GPU subscription revenue and valuation re-rating.TradingKey
19 hours ago
"Buying the Nvidia Dip" Is On the Table as Valuation Nears Historic Lows
TradingKey - Nvidia's stock appears to have fallen from grace in Q4 amid tech valuation fears and rival advancements, despite robust fundamentals and near-historic low valuation levels. Nvidia, the world's highest market capitalization company, faces such concerns head-on. Optimistically, Nvidia'sTradingKey
19 hours ago
Fed Chair Candidate: What Would a Hassett Nomination Mean for U.S. Stocks?
TradingKey - If Kevin Hassett — the front-runner with a nomination probability exceeding 70% — is successfully appointed..., U.S. stocks are expected to continue hitting record highs, supported by a significantly accommodative monetary policy environment of interest rate cuts.TradingKey
Tue, Dec 2
Strategy (MSTR): Why This Bitcoin Proxy Is Decoupling From BTC — And Is It Still a Buy?
TradingKey - Strategy stock is in a sustained decline and remains entrenched in a downward channel, as Bitcoin continues to fall and briefly dipped below $100,000 on November 4, leading to a sharp decline in Bitcoin-related stocks. We believe Strategy’s slump has not yet abated.TradingKey
Thu, Nov 6
