0303 GMT - Australian data-center operator NextDC shouldn't experience any material impact from chip restrictions announced by the U.S. government, Citi analyst Siraj Ahmed says. He concedes that there could be implications for NextDC's planned Asian expansion but points out in a note to clients that Asia accounts for just 8% of his fiscal 2030 Ebitda forecast. More positively, Ahmed sees a scenario in which hyperscale customers prioritize near-term investment into mostly unrestricted countries such as Australia. Citi has a buy rating and a A$20.00 target price on NextDC shares, which are down 0.6% at A$16.00. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
January 22, 2025 22:03 ET (03:03 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.