Core Insights - IREN is valued at $18.9 billion and operates renewable energy-powered data centers optimized for Bitcoin mining, artificial intelligence, and cloud services [1] - The stock has experienced significant growth, gaining 733% over the past year and 295.03% since a "Buy" signal was issued on August 6 [2][5] - IREN reached an all-time high of $74.15 on October 15, with a recent trading price of $69.56 [4][6] Company Performance - IREN has a Weighted Alpha of +863.99 and a 100% "Buy" opinion from Barchart [6] - The stock has made 15 new highs and gained 95.88% in the last month, with a Relative Strength Index (RSI) of 79.73 [6] - Analysts project robust revenue and earnings growth for IREN, although there are mixed opinions due to volatility and overvaluation concerns [5] Technical Indicators - The stock's 50-day moving average is at 34.57, indicating strong momentum [6] - A technical support level is identified around $62.03, suggesting a potential floor for the stock price [6]

Macquarie Asset Management agreed to sell its Aligned Data Centers business for $40 billion to a BlackRock (BLK)-led consortium that also includes Microsoft (MSFT) and Nvidia (NVDA). It is the largest data-center deal to date, Macquarie said in its announcement early Wednesday. The firm's privately managed infrastructure funds and investment partners are selling Aligned Data Centers to a consortium that… Related news Nvidia Rises Amid Massive Data Center Deal. But Is The Stock A Buy Now? 3:41 AM ETNvidia st ...

Company Overview - Applied Digital (APLD) has seen a significant increase in its stock price target from $21 to $41 by a Needham analyst, following impressive fiscal first-quarter results, leading to a 27% stock price increase in one trading session and a year-to-date gain of 375% [1][4] - The company operates large-scale data centers that provide critical infrastructure for AI, cloud computing, and high-performance digital workloads across the U.S. [4] Financial Performance - APLD reported revenue of $64.2 million for its October 2025 earnings, marking an 84% increase from the previous year, driven by $26.3 million in tenant fit-out services and additional data center business [5] - The cost of revenues increased by 144% to $55.6 million, primarily due to fit-out expenses and ongoing hosting business [6] - Selling, general, and administrative expenses rose by 165% to $29.2 million, attributed to higher stock-based compensation and staff costs [6] Market Dynamics - The U.S. hyperscale data center investments are projected to reach $290 billion by 2030, with a compound annual growth rate (CAGR) of 7.47%, driven by the rise of AI and cloud technologies [2] - By 2030, U.S. data centers are expected to consume nearly 8% of global electricity, prompting operators to invest in renewables and energy efficiency to meet national decarbonization goals [2] Valuation Metrics - APLD is valued at $9.31 billion, with a price-sales (P/S) multiple of 55.65x and a price-book (P/B) ratio of 13.25x, both significantly above the sector medians of 3.48x and 3.70x [5]

An investor group, which includes BlackRock , Nvidia , xAI and Microsoft , will buy Aligned Data Centers from Macquarie Asset Management and coinvestors in a deal worth $40 billion. ...

Core Insights - A consortium including BlackRock, Nvidia, Microsoft, and xAI has announced a $40 billion acquisition of Aligned Data Centers, a major player in the data center industry [1] Group 1: Acquisition Details - The acquisition is valued at $40 billion, indicating significant investment in the data center sector [1] - Aligned Data Centers is recognized as one of the largest data center operators globally, highlighting its importance in the industry [1] Group 2: Consortium Composition - The consortium comprises notable companies such as BlackRock, Nvidia, Microsoft, and xAI, showcasing a blend of financial and technological expertise [1] - The involvement of these major firms suggests a strategic move to enhance capabilities in data management and cloud services [1]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team covers key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] - Proactive focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [2][3] Group 2 - The team delivers insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4][5] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production [5]

Group 1 - A consortium of investors including Nvidia, Microsoft, BlackRock, and Elon Musk's xAI has agreed to purchase Aligned Data Centers for $40 billion, marking a significant investment in the data center sector [1][2] - The acquisition will provide 100% equity ownership of Aligned Data Centers, making it the largest global data center deal to date [2] - The deal represents the first investment by the Artificial Intelligence Infrastructure Partnership (AIP), which aims to deploy $30 billion of equity capital to accelerate investment in AI infrastructure [3] Group 2 - Aligned Data Centers specializes in designing and operating data centers and data campuses across North and South America, and is currently owned by Macquarie Asset Management [1] - The AIP was established in September 2024 by BlackRock, MGX, Microsoft, and Nvidia to focus on AI infrastructure investments, with additional participants including the Kuwait Investment Authority, xAI, and Temasek [2]

Core Insights - Global copper demand is projected to increase by 24% by 2035, reaching 42.7 million tonnes per annum (Mtpa), driven by economic development and new demands from electrification and digitalisation [1][2] - Four disruptors could add an additional 3 Mtpa, or 40% of total copper demand growth, by 2035, leading to increased price volatility [2] Disruptors of Copper Demand - Data centres are identified as a significant variable in copper demand forecasting, with AI expected to consume an additional 2,200 TWh of electricity by 2035, raising copper demand for grid infrastructure to 1.1 Mtpa by 2030 [6][9] - The inelastic demand created by data centres means that developers are less sensitive to copper price fluctuations, potentially leading to price spikes of 15% or more during construction surges [7][8] - The energy transition is reshaping copper consumption, with an additional 2 Mtpa of copper needed over the next decade due to the shift to renewable energy systems, and demand from this sector projected to grow from 1.7 Mtpa to 4.3 Mtpa by 2035 [9][10] Regional Demand Growth - India and Southeast Asia are expected to contribute an additional 3.3 Mtpa of copper demand by 2035, with average annual growth rates of 7.8% and 8.2% respectively, driven by rapid industrialisation [10] - If these regions replicate even half of China's historical growth, their construction and power sectors could require an additional 5.4 Mtpa of copper [10] Geopolitical Factors - Increased defence spending in Europe, driven by geopolitical tensions, is expected to add modest direct copper demand of 25 to 40 ktpa over the next decade, but will have broader implications for infrastructure resilience and modernisation [11][12] Supply Challenges - To meet the projected demand growth, more than 8 Mtpa of new mine capacity and 3.5 Mtpa of additional scrap will be required by 2035, with the industry needing to adjust its annual mine disruption assumptions from 5% to 6% [13][14] - The convergence of the four disruptors in a supply-constrained environment could lead to prolonged high prices and unpredictable market fluctuations [14][15]

Core Insights - Macquarie Asset Management's "Macquarie Large Cap Growth Fund" reported positive returns in Q3 2025, but underperformed against the Russell 1000 Growth Index due to an unfavorable market environment and missteps [1] - AI-themed stocks were significant contributors, accounting for approximately 75% of market returns in the quarter [1] Company Overview: Equinix, Inc. (NASDAQ:EQIX) - Equinix, Inc. is a digital infrastructure company with a market capitalization of approximately $79.996 billion and a stock price of $817.42 as of October 14, 2025 [2] - The company experienced a one-month return of 4.96% but has seen a decline of 7.13% over the past 52 weeks [2] Portfolio Changes - Equinix was eliminated from the Macquarie Large Cap Growth Fund portfolio due to challenges in monetizing new assets in second- and third-tier cities, despite its unique urban assets critical for reducing latency in AI applications [3] - The fund believes there may be better opportunities to invest in Equinix in the future [3] Financial Performance - Equinix reported revenues of $2.26 billion in Q2 2025, reflecting a year-over-year increase of 5% [4] - The company is not among the top 30 most popular stocks among hedge funds, with 66 hedge fund portfolios holding its stock at the end of Q2 2025, down from 70 in the previous quarter [4] Investment Outlook - While Equinix shows potential as an investment, certain AI stocks are viewed as having greater upside potential and lower downside risk [4]

Group 1: Acquisition Overview - A consortium including BlackRock, Nvidia, and Microsoft is acquiring Aligned Data Centers for approximately $40 billion to enhance next-generation cloud and AI infrastructure [1] - The acquisition is part of a trend of significant deals in the AI sector, aimed at addressing the resources needed to support AI technology [1] Group 2: Aligned Data Centers - Aligned's portfolio consists of 50 campuses with over 5 gigawatts of operational and planned capacity, primarily located in the U.S. and Latin America [3] - Key locations for Aligned include northern Virginia, Chicago, Dallas, Ohio, Phoenix, Salt Lake City, Sao Paulo, Brazil, Queretaro, Mexico, and Santiago, Chile [3] - Aligned will remain privately held and continue to be led by CEO Andrew Schaap, with its headquarters in Dallas [3] Group 3: Investment Consortium - The acquisition marks the first deal for the Artificial Intelligence Infrastructure Partnership, which aims to mobilize and deploy $30 billion in equity capital, potentially reaching $100 billion including debt [4] - The consortium is focused on meeting the increasing demand for infrastructure as AI transforms the global economy [5] Group 4: Market Impact - Following the announcement of the deal, shares of Nvidia increased by more than 2% before the market opened [5] - The transaction is expected to close in the first half of 2026 [5]