Latest News In Cloud AI – Applied Digital Expands AI Infrastructure with $5 Billion Partnership

Applied Digital Corporation has announced a substantial investment partnership with Macquarie Asset Management to enhance its high-performance computing (HPC) capabilities, with funding commitments reaching up to $5 billion. This strategic initiative involves an initial investment of up to $900 million to develop the Ellendale HPC Campus, with provisions for additional investments totaling $4.1 billion across future projects. The partnership aims to solidify Applied Digital’s position in the rapidly evolving cloud AI sector, focusing on next-generation data centers capable of handling advanced AI workloads. The agreement underscores the growing demand for robust digital infrastructure tailored to support AI, machine learning, and other complex computational processes.

In other trading, Beijing Kingsoft Office Software was trading firmly up 8.2% and ending trading at CN¥276.00. In the meantime, GDS Holdings trailed, down 18.2% to finish the session at $21.89.

GDS Holdings could enhance liquidity through international expansion and monetizing assets. Discover the full narrative by clicking here.

As a follow-up, be sure to check out our Market Insights article, “The AI Capex Cycle Shows No Signs Of Slowing Down,” where we explored the ongoing investment in Cloud AI infrastructure by major tech companies and the impact of this on both winners and losers within the AI value chain.

• Microsoft ended the day at $417.19 down 0.4%. On Monday, Microsoft expanded its partnership with HCLTech to enhance customer service solutions using generative AI and cloud technology.

• Alphabet finished trading at $191.01 down 0.5%.

• Super Micro Computer closed at $31.08 down 4.7%.

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