07:26 AM EST, 01/14/2025 (MT Newswires) -- (Corrects the share price movement in the last paragraph.)

Applied Digital's ( APLD ) artificial intelligence data centers may receive up to $5 billion investment from Macquarie, The Wall Street Journal reported Tuesday, citing Applied Digital ( APLD ).

Macquarie's asset management unit agreed to invest $900 million in a data center in North Dakota that Applied Digital ( APLD ) is developing, the report said. Macquarie also owns a right of first refusal to further invest $4.1 billion for 30 months in Applied Digital's ( APLD ) future data centers.

Neither Applied Digital ( APLD ) nor Macquarie immediately responded to MT Newswires' requests for comment.

Applied Digital ( APLD ) shares were up 12% in recent premarket activity.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)