Forecasts slashed after community opposition stalls AI expansion plans
NextDC has data centers in Australia, including this Sydney collaboration with OpenAI, New Zealand, Malaysia and Japan. © Getty Images
CANBERRA -- Major Australian data center operator NextDC's shares tumbled 40% on Wednesday after the company revealed that a public backlash had stalled plans to increase power supply to a flagship site in Melbourne, underscoring the challenges facing the rollout of in-demand artificial intelligence infrastructure.
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