Aker Shares Climb After Nscale Gets $45 Billion Contract

Dow Jones

08/27

Shares in Norwegian industrial investment group Aker jumped after its Nscale portfolio company was awarded a $45 billion contract for artificial-intelligence computing power.

Aker shares rose 8.2% in early European trade.

In a statement late Wednesday, Aker said Nscale had signed the contract with an undisclosed customer to provide AI compute capacity at its Monarch site in West Virginia, U.S.

Nscale, a U.K.-based AI infrastructure provider that builds and operates data centers, is backed by Nvidia, Dell, Nokia and Aker, among others.

Nokia shares rose 4.9% in morning Helsinki trading.

Aker and Nscale also have a joint venture, Aker Nscale, which is working together with ChatGPT maker OpenAI on a renewable energy-powered AI data center project known as Stargate Norway.

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style=\"white-space: pre\">\n \n</pre>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Shares in Norwegian industrial investment group Aker jumped after its Nscale portfolio company was awarded a $45 billion contract for artificial-intelligence computing power. \n</p>\n<p>\n  Aker shares rose 8.2% in early European trade. \n</p>\n<p>\n  In a statement late Wednesday, Aker said Nscale had signed the contract with an undisclosed customer to provide AI compute capacity at its Monarch site in West Virginia, U.S. \n</p>\n<p>\n  Nscale, a U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>.-based AI infrastructure provider that builds and operates data centers, is backed by <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>, <a href=\"https://laohu8.com/S/DELL\">Dell</a>, Nokia and Aker, among others. \n</p>\n<p>\n  Nokia shares rose 4.9% in morning Helsinki trading. \n</p>\n<p>\n  Aker and Nscale also have a joint venture, Aker Nscale, which is working together with ChatGPT maker OpenAI on a renewable energy-powered AI data center project known as Stargate Norway. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<pre style=\"white-space: pre\">\n \n</pre>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AIPO","symbol_name":"Defiance AI and Power Infrastructure ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2662771413","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2662771413","pubTimestamp":1787819160,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares in Norwegian industrial investment group Aker jumped after its Nscale portfolio company was 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