(Corrects paragraph 1 to say Macquarie will take a stake in Applied Digital's high-performance computing unit, not the whole company. The error was there in previous versions of the story; Removes ref

Key Takeaways Applied Digital shares surged in intraday trading Tuesday after announcing that Macquarie Asset Management is investing up to $5 billion in its high-performance computing data centers.Nvidia is already an investor in Applied Digital data centers and announced a stake in the company last year.

Applied Digital's $5 billion investment announcement is contingent on closing a 100 MW deal with a hyperscaler, which remains uncertain. Explore more details here.