NextDC shares fell 39.5% on Wednesday after the Australian data center operator slashed its fiscal 2027 earnings guidance. Revenue is now expected at A$475 million to A$500 million, down from A$615 million to A$640 million, and underlying EBITDA at A$245 million to A$265 million, down from A$385 million to A$410 million. The company blamed power supply delays at its M3 Melbourne data center, where infrastructure upgrades were suspended amid community opposition, and distributor Jemena does not expect work to resume before February 2027. Citi said the delays could weigh on earnings beyond fiscal 2027, while Treasurer Jim Chalmers said the government is finalizing national investment standards for data centers and AI infrastructure. NextDC shares have now fallen for seven straight weeks.
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NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/20/2026 | 216.47 |
| Change that session | -0.29% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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