NextDC Shares Surge 42% Following Stake Acquisitions by Goodman Group and Digital Realty
Shares of Australian data center operator NextDC (ASX: NXT) jumped over 40% on Thursday after Goodman Group and U.S.-based Digital Realty (NYSE: DLR) moved to acquire stakes of up to 9.9% in the company. The acquisition was conducted via an aftermarket bookbuild, with shares priced at A$9.50 apiece. The investment comes shortly after NextDC reported power supply delays at its M3 Melbourne facility and revised its fiscal 2027 guidance. While both Goodman Group and Digital Realty stated they have no immediate intention of launching a takeover bid, they have reserved the right to do so in the future. This rally provides a sharp contrast to recent volatility in the U.S. data center sector. Following Democratic midterm victories, U.S. stocks like CoreWeave and Iren faced sell-offs due to fears that increased regulatory scrutiny could slow AI infrastructure development.