NextDC cut its annual revenue and earnings forecasts after an electricity provider suspended grid works for its M3 Melbourne data center, sending shares down nearly 42% and deepening a selloff across AI infrastructure companies.
NextDC Shares Plunge 42% as Community Opposition Delays Melbourne Grid Upgrade
NextDC cut its annual revenue and earnings forecasts after an electricity provider suspended grid works for its M3 Melbourne data center, sending shares down nearly 42% and deepening a selloff across AI infrastructure companies.
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