Northern Data Group (XETRA: NB2)

Last close As at 02/07/2024

EUR24.00

0.90 (3.90%)

Market capitalisation

EUR1,252m

Northern Data Group is a German-listed company, operating highly energy-efficient data centres across Europe and the US.

Latest Insights

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Sector

TMT

Equity Analyst

Milo Bussell

Analyst, Consumer and TMT

Dan Ridsdale

Head of Technology

Milosz Papst

Milosz Papst

Director, Financials

Key Management

  • Jens-Philipp Briemle

    Head of investor relations

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (4.9) (12.8) 17.4
Relative (2.1) (11.7) 2.2
52 week high/low €32.2/€14.8

Financials

Northern Data has announced a number of initiatives that underline management’s commitment to be at the forefront of AI and high-performance computing (HPC) innovation in Europe. The launch of an AI Accelerator programme is designed to enable selected start-ups to rapidly scale or complete proof of concepts for their AI ideas. It gives selected start-ups access to Taiga Cloud, as well as technology and training from ecosystem partners including NVIDIA, Hewlett Packard (HPE) and Supermicro. This follows the announcement of a partnership with VAST Data, a leading AI infrastructure and data platform, to provide Taiga’s clients with advanced cloud data management solutions. We expect to initiate forecasts following publication of the company’s FY23 results.

Thematics

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TMT

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