Australia's NEXTDC plans to raise $500 million to tap AI boom via Asian expansion

By Yahoo! Finance | Sep 10, 2024 at 03:40 AM EST

Australian data centre operator NEXTDC plans to raise A$750 million to expand its data centre pipeline in Asia, capitalizing on the increasing demand for digital infrastructure driven by cloud and AI technologies. This move aligns with the global trend of companies investing in data centres in the Asia-Pacific region.

Did you find this insightful?

Bad

Just Okay

Amazing

We are preparing, please wait

New Alert

Select an alert type

Sentiment Spike

Send email alert if news sentiment changes significantly

Mentions Spike

Send email alert if has a surge in mentions

Choose sentiment spike or mentions spike or both to receive email alerts and app notification for the selected stock.
Note: Please be aware that you will receive an email only once a day, around 8:00 AM (EST), in the event of any spike.
In future if you don't want to receive any email then delete stocks added into alert section.