Shares of Applied Digital were trading sharply higher after the operator of artificial-intelligence data centers announced it would be receiving up to $5 billion from Macquarie Asset Management.

Macquarie’s $7 billion investment in green energy and clean tech is helping to power the future of renewables and battery storage worldwide.

Macquarie is banking heavily on artificial intelligence-related investments. The Australian financial institution has struck a deal with AI-infrastructure company Applied Digital to invest as ...