NextDC shares collapsed 40% after the Australian data centre builder said delays at its Melbourne M3 site, driven by local community concerns and Jemena's pause on 22-metre power poles in Footscray, would leave revenue short of forecasts. The article says investors are now questioning the long-term viability of data centres, pointing to Firmus cancelling its listing on the Australian stock exchange, Nscale struggling to attract buyers for a Wall Street listing, and CoreWeave shares falling 15% in one day. Investment in AI infrastructure is expected to reach US$10 trillion (A$14.25 trillion) by 2032, while higher borrowing and construction costs and short-lived AI chips add pressure. Community opposition over noise, visual impact and potential rises in electricity and water prices is also eroding social licence, with New South Wales data centres potentially consuming up to 25% of Sydney's daily water demand within a decade.
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NVDAdata centersAI investmentCoreWeave
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Related tickers and likely impact
NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/21/2026 | 221.87 |
| Change that session | +2.49% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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