NEXTDC Ltd signed a deal with OpenAI to develop a hyperscale AI campus in Sydney, raising shares by 10.9% to A$14.900. The project at S7 site in Sydney, acquired for A$353 million, has a capacity of 550 megawatts. Sydney’s AI roadmap drives growth amid global demand for data centers. NEXTDC raised FY26 capex guidance by A$400 million to accelerate expansion for new contracts. Despite potential issues, the deal aligns with government AI goals and attracts investor interest.

Read more at Yahoo Finance: Australia’s NEXTDC inks MoU with OpenAI to develop AI infrastructure in Sydney, shares jump