Maas Group tumbles on AI pivot as $1.2 billion materials exit spooks investors

By Sherin Sunny and Roshan Thomas Feb 5 (Reuters) - Australia's Maas Group said on Thursday it would sell its building materials division for ​up to A$1.70 billion ($1.19 billion) to pivot towards artificial intelligence-related infrastructure, sending ‌its shares crashing more than 26%. The divestment is part of the Australian construction materials, equipment and ‌services provider's broader shift towards data center construction, a sector that has attracted investor interest as demand grows for AI sup ...