Not good signs ahead for NextDC. Massive sticky inflation with the Fed looking to raise rates up to 1% next week afterctgusxweeks disastrous Inflation result. NextDC have opened S3 with no customers and M3 about to open with 1 customer announced. Huge delays in Sever supplies, people turning of Streaming costs to cope with increased cost of living and Microsoft and the like extending the life of their servers by up to 2 years to cut costs. NAB also said they are cutting 20% of Cloud spending this year. On top of that are massive energy costs as reported by Morgan's recently saying NextDC could double its energy bill. And then the CEO sells almost all of his shares. Get out now people. Big Short man Michael Burry is predicting a massive share market collapse.
NXT Price at posting:
$9.71 Sentiment: Sell Disclosure: Not Held
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