NextDC Shares Plunge 40% on Forecast Cut

Australian data center operator NextDC shares plunged 39.5% on Wednesday after the company slashed its fiscal 2027 revenue guidance to between A$475 million and A$500 million. Power supply delays at the Melbourne facility, caused by community opposition and infrastructure suspension until February 2027, drove the earnings cut. The dispute highlights growing resistance to data center buildouts worldwide.