Australian AI data centre operator NextDC shares shed 44% on revenue delay
SYDNEY: Australian data centre operator NextDC shed nearly half of its market capitalisation on Wednesday after sharply cutting revenue forecasts for the year ahead and putting future developments on hold, extending the burst of negative sentiment towards gl...
SYDNEY: Australian data centre operator NextDC shed nearly half of its market capitalisation on Wednesday after sharply cutting revenue forecasts for the year ahead and putting future developments on hold, extending the burst of negative sentiment towards global AI stocks. The company said delays to electricity network upgrades at one of its major Melbourne assets would mean about A$140 million ($98 million) worth...