Australia's Macquarie Technology rises on bagging $142 million AI investment

Macquarie Technology

11/03/2026 24:03

** Shares of Australia's Macquarie Technology MAQ.AX rise as much as 2.3% to A$64.16

** Stock touches its highest level since March 2, 2026

** Data centre operator says it secures A$200 million ($142.32 million) investment from National Reconstruction Fund Corporation (NRFC), which is a sovereign investor established by the Australian Government

** Co says proceeds to support AI and cloud usage among businesses as well as various bodies within the Australian government, including the Department of Defence

** MAQ on track to log its second consecutive session of gains, if trend holds

** Despite moves, stock down 4.2% YTD

     ($1 = 1.4053 Australian dollars)

(Reporting by Aamir Sheik Khalid in Bengaluru)

((Aamir.SheikKhalid@thomsonreuters.com))