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Nextdc Limited ( (AU:NXT) ) just unveiled an announcement.
NEXTDC Limited has signed a Memorandum of Understanding with OpenAI to become a regional infrastructure partner under the Open AI for Countries program. This collaboration will focus on developing a next-generation hyperscale AI campus and GPU supercluster at NEXTDC’s S7 site in Sydney, supporting various sectors with secure, sovereign infrastructure. The S7 hyperscale campus will feature advanced engineering for sustainable digital infrastructure, positioning it as a leading AI facility in the Asia-Pacific region. The first phase of the project is expected to be completed in the second half of 2027, enhancing NEXTDC’s industry positioning and stakeholder engagement.
The most recent analyst rating on (AU:NXT) stock is a Buy with a A$18.35 price target. To see the full list of analyst forecasts on Nextdc Limited stock, see the AU:NXT Stock Forecast page.
More about Nextdc Limited
NEXTDC is an ASX 100-listed technology company and a leading Data Centre-as-a-Service provider in Asia. It specializes in building infrastructure platforms for the digital economy, offering critical power, security, and connectivity for global cloud computing providers, enterprises, and governments. NEXTDC is recognized for its Uptime Institute certified Tier IV facilities and is committed to sustainability, operational excellence, and carbon neutrality.
Average Trading Volume: 2,092,311
Technical Sentiment Signal: Sell
Current Market Cap: A$8.68B
For a thorough assessment of NXT stock, go to TipRanks’ Stock Analysis page.