AIFinancial Times1h ago
NextDC's stock fell as much as 44%
NextDC's stock fell as much as 44% to A$5.15 after the Australian data center company cut its earnings forecast by over a third; shares were above A$16 in June
TL;DRAustralian data center company NextDC stock crashed 44% after slashing earnings forecast by over a third.
Why it matters: Data center valuations are collapsing despite AI boom; signals overbuilding or demand concerns in critical infrastructure.
NextDC plunge adds to sector woes as Nvidia holds talks over injecting capital into Firmus after failed IPO
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