JPMorgan Dumps NEXTDC Stake, Cuts Holding to 6.72%

JPMorgan Chase & Co., one of the largest financial institutions in the world, has significantly reduced its holding in NEXTDC, an Australian data center operator.

According to a report from Kalkine, JPMorgan's stake in NEXTDC is now down to 6.72% after selling off a substantial portion of its shares.

NEXTDC provides data center and cloud services to businesses across Australia and Asia, and has experienced significant growth in recent years due to increasing demand for digital infrastructure.