WELLINGTON, New Zealand — Shares in Infratil Ltd. rose 5.49% to $11.53 on the ASX Wednesday, adding 60 cents, as the New Zealand-based infrastructure investor rode a broader rebound in AI-linked data centre stocks following a rough stretch for the sector earlier in the week.

The gain adds to what has already been a strong run for Infratil shares over the past year, with the stock up roughly 23% over the trailing twelve months as of recent trading, comfortably outperforming the broader S&P/ASX 200 Index, which has posted far more modest gains over the same period. Much of that outperformance has been driven by the surging value of Infratil's stake in CDC Data Centres, the hyperscale data centre operator in which Infratil holds an approximately 49.8% ownership interest.

CDC has emerged as the dominant driver of Infratil's investment case in recent months. The data centre business now represents roughly 41% of Infratil's total portfolio value, according to recent company disclosures, reflecting the scale of demand CDC has captured amid the broader boom in artificial intelligence infrastructure spending across Australia. In May, CDC signed what was described as Australia's largest-ever data centre contract, a 555-megawatt, 30-year deal with an investment-grade United States hyperscaler customer, a deal that pushed CDC's total contracted capacity above one gigawatt for the first time. Infratil shares jumped more than 12% on the day that contract was........

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