Overview
- NEXTDC said it will collaborate with OpenAI on a hyperscale AI campus and GPU supercluster at its S7 Eastern Creek site in Sydney.
- The S7 property was acquired last year for nearly A$353 million and targets potential capacity of about 550 megawatts.
- NEXTDC lifted FY26 capital expenditure guidance by A$400 million to A$2.2–2.4 billion to accelerate build-out for new contracts.
- Shares of NEXTDC rose as much as 10.9% to A$14.90, making it the top gainer on a day when the broader index fell.
- An analyst said OpenAI as a foundation client could underpin revenue, while power costs and copyright issues in model training remain risks.