ARB IOT Group Limited (NASDAQ: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.”
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.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
