By James Mickleboro
Publication Date: 2025-12-21 23:12:00
Image source: Getty Images
Nextdc Ltd (ASX: NXT) Shares start the week on a positive note.
In morning trading, shares of the data center operator rose 9% to $13.05.
Why is this ASX AI share rising?
Investors bid higher for the ASX AI share today after the company provided another update on its data centers.
As a reminder, on December 1st, NextDC announced that a number of won customer contracts had increased the pro forma contracted usage to 316 MW. This was an increase of 71 MW or 29% since June 30.
The good news for shareholders is that the company has won even more customer contracts in the last three weeks, driving another strong increase in contract utilization.
According to the press release, the company’s pro forma contracted utilization has increased by 96 MW, or 30%, to 412 MW since the last update on December 1.
As a result of these customer contracts won, the ASX AI share’s pro forma forward order book has increased to 301 MW.
Management announced that it…
