ASX:NXTIT
NEXTDC (ASX:NXT): Evaluating Valuation Following Major AI Data Center Expansion Deal with SHARON AI
NEXTDC (ASX:NXT) has entered into an agreement with SHARON AI Inc. to expand its data center capacity by up to 50MW across Australia and the Asia-Pacific. This move highlights the accelerating demand for advanced AI computing infrastructure.
See our latest analysis for NEXTDC.
The SHARON AI deal comes as NEXTDC shares have faced some turbulence, with a 1-year total shareholder return of -17% and a 1-month share price return of -13.4%. Despite these setbacks, momentum over the last three years...