SHARES IN THIS DATA CENTRE COMPANY ARE DOWN 40 % AS INVESTORS LOSE FAITH IN THE AI STORY

What happened: Shares in NextDC, one of Australia's largest data centre builders, fell 40% after it said delays at its flagship Melbourne site would push revenue below forecasts. Construction of power poles for the M3 expansion was paused after local council concerns. Key numbers: NextDC shares down 40%. Why it matters: The jitters reflect scrutiny of AI business models as borrowing and construction costs rise and AI chips require frequent costly upgrades. The content states that if investors and communities withdraw support, this month's market jitters may turn into a steeper sell-off.

Shares in NextDC, one of Australia's largest data centre builders, fell 40% after it said delays at its flagship Melbourne site would push revenue below forecasts. Construction of power poles for the M3 expansion was paused after local council concerns.

The jitters reflect scrutiny of AI business models as borrowing and construction costs rise and AI chips require frequent costly upgrades. The content states that if investors and communities withdraw support, this month's market jitters may turn into a steeper sell-off.