My guess is that it will move up in increments related to how much data centre capacity is brought online and how many clients they sign up. Capaciy was predictable and they have stayed on schedule, clients were unknown but the market should have been there. The quality of the clients suggest the market is strong and we are a player now.
Last few weeks has seen new capacity and new clients, big ones signing for multile years. That enables some sort of forward earnings estimates that underpin the price rerating. We might take a breather here or some people waiting for the clients to appear still want in.
OS expansion would change the capacity part of the equation very nicely.
NXT Price at posting:
$2.62 Sentiment: Hold Disclosure: Held
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