Australian data centre group falls 44% on profit warning

Shares in Australian data centre operator NextDC plummeted by 44% following a profit warning that highlighted financial difficulties. This sharp decline has exacerbated concerns in the sector, especially after Firmus, another data centre firm, faced challenges with its initial public offering. Adding to the sector's woes, there are ongoing discussions between Firmus and Nvidia, a major player in the tech industry, about potential capital injections. These developments underscore the growing financial strain and investment uncertainties in the data centre market.