The stock sell-off, which saw the company's valuation drop at least 40% on some exchanges, follows a sharp decline in financial guidance. The halt of all new construction projects marks a significant pivot in the firm's growth strategy in response to community opposition.
Wednesday, October 21, 2026
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NextDC Shares Plunge 44% on Slashed Revenue Forecast
Earnings5 hours ago
The Australian data center operator is pausing all new development projects following intense public backlash in Melbourne. Shares of NextDC fell as much as 44% after the firm issued a profit warning and reduced its revenue and earnings forecasts.
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