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Applied Digital ( APLD ) shares jumped in trading Tuesday after it announced that Macquarie Asset Management will invest up to $5 billion in its high-performance computing (HPC) data centers.

Nvidia ( NVDA ) has already invested in its data centers and last year announced a stake in the company, which provides advanced digital infrastructure designed to support high-performance computing and artificial intelligence applications .

Macquarie Takes 15% Stake in HPC Business

Macquarie Asset Management funds will invest up to $900 million in the company’s Ellendale HPC data center campus in North Dakota.

Australian fund manager Macquarie will also have the right to invest an additional $4.1 billion across Applied Digital's future HPC data center pipeline. Macquarie will take a 15% equity stake in Applied Digital’s HPC business, with the AI company retaining the remaining 85%.

Applied Digital is due to report second-quarter fiscal 2025 results after the bell Tuesday.

Applied Digital shares were up 16% at $9.05 today. They've gained 20% over the last year.

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