Australian data center operator NextDC's shares plunge 40% after it slashes earnings forecast

What happened: NextDC shares plunged 40% after the Australian data center operator slashed its earnings forecast, citing power supply delays at its Melbourne facility amid local community and stakeholder opposition. Key numbers: Shares fell 40%. Why it matters: The forecast cut follows power supply delays tied to community and stakeholder opposition at the Melbourne site, and the stock drop reflects the market's reaction to the lowered guidance. Coverage: 4 outlets in 24h

NextDC shares plunged 40% after the Australian data center operator slashed its earnings forecast, citing power supply delays at its Melbourne facility amid local community and stakeholder opposition.

The forecast cut follows power supply delays tied to community and stakeholder opposition at the Melbourne site, and the stock drop reflects the market's reaction to the lowered guidance.