What's Going On With ARB IOT Shares Wednesday?

ARB IOT Group Limited ARBB shares are trading higher on Wednesday after the company secured an artificial intelligence (AI) data center server solution order worth approximately $45 million.

What To Know: Under the agreement, ARB IOT will supply 500 units of its ARB-222 AI servers to Gajah Kapitalan Sdn Bhd (GKSB), providing the entity with high-performance computing servers.

Dato’ Sri Liew Kok Leong, CEO of ARB IOT, said, “Our collaboration with GKSB strengthens our mission to provide leading-edge AI server solutions and to deliver significant cost savings and operational efficiencies to the customers. Such order represents a significant milestone for the Company and highlights the growing demand for the AI Products.”

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ARBB Price Action: At the time of publication, ARB IOT stock is trading 63% higher at 85 cents, according to data from Benzinga Pro.

Image: This illustration was generated using artificial intelligence via Midjourney.