People power in suburbs exposes fragility of AI boom
NEXTDC shares fell 42 per cent in a single day after the company said delays in getting power to its inner-west Melbourne data centre expansion would cut its future earnings by a third. The delays followed residents in Yarraville blocking power company Jemena's crews from working in Sanderson Street, forcing them to abandon the holes they had dug. Separately, the planned listing of AI data centre company Firmus, valued at about $44 billion, fell apart after large investors refused to pay $11 a share.