ARB IOT Group Limited ( ARBB ) shares are trading higher on Wednesday after the company secured an artificial intelligence (AI) data center server solution order worth approximately $45 million.

What To Know: Under the agreement, ARB IOT ( ARBB ) will supply 500 units of its ARB-222 AI servers to Gajah Kapitalan Sdn Bhd (GKSB), providing the entity with high-performance computing servers.

Dato’ Sri Liew Kok Leong, CEO of ARB IOT ( ARBB ), said, “Our collaboration with GKSB strengthens our mission to provide leading-edge AI server solutions and to deliver significant cost savings and operational efficiencies to the customers. Such order represents a significant milestone for the Company and highlights the growing demand for the AI Products.”

Related Link: Trump May Lose Interest In Legal Marijuana During ‘Disorderly Situation,’ Conservative Cabinet, Says Analyst; Could Musk Come To The Rescue?

ARBB Price Action: At the time of publication, ARB IOT ( ARBB ) stock is trading 63% higher at 85 cents, according to data from Benzinga Pro.

Image: This illustration was generated using artificial intelligence via Midjourney.