NextDC Cuts Earnings Outlook as Shares Sink More Than 40%
Australian data-center operator NextDC cut its annual earnings outlook Wednesday, sending shares down more than 40%. The move adds to concerns about AI infrastructure funding and debt costs.
By Kit NortonFresh concerns about the AI-infrastructure buildout emerged Wednesday as Australian data-center operator NextDC slashed its earnings outlook, adding to last week's worries about debt costs and funding.Shares of NextDC sank more than 40% in Australia after the company cut its annual ear…