NextDC Shares Fall 44 Percent on Revenue Cuts
NextDC shares dropped 44 percent after cutting revenue forecasts due to power supply delays in Melbourne. The company also put future developments on hold.
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NEXTDC LTD shares tumbled 44% in morning trade on Wednesday after cutting forecasts and pausing developments. The drop in Australia wiped A$3.1 billion ($2.2B) from the data centre operator's market value. The plunge highlights growing investor anxiety over whether surging AI infrastructure costs will yield expected returns.
