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An update from Aker ASA ( (AKAAF) ) is now available.
Aker ASA, in collaboration with Nscale Global Holdings Ltd. and Microsoft Corp., has signed a significant five-year agreement valued at approximately USD 6.2 billion to develop advanced AI infrastructure in Europe. This initiative, located in Narvik, Norway, will utilize renewable energy to power AI compute capacity, marking a strategic step for Norway in the digital realm and enhancing Microsoft’s AI services across Europe. The project underscores the growing demand for AI infrastructure and positions Narvik as a key hub for AI in Europe, while also highlighting Aker’s role in converting clean hydropower into digital capacity.
The most recent analyst rating on (AKAAF) stock is a Sell with a NOK565.00 price target. To see the full list of analyst forecasts on Aker ASA stock, see the AKAAF Stock Forecast page.
More about Aker ASA
Aker ASA is an industrial investment company based in Fornebu, Norway, with a history dating back to 1841. It focuses on building and developing leading companies in sectors such as energy, industrial software, renewables, and marine biotechnology. Aker leverages its industrial expertise, financial strength, and capital markets insight to drive long-term value creation through active ownership.
Average Trading Volume: 34,200
Current Market Cap: NOK52.3B
See more insights into AKAAF stock on TipRanks’ Stock Analysis page.