Microsoft pulls back from more data center leases in US and Europe, analysts say

Good morning! Are there suddenly too many data centers for AI? Microsoft's actions point to that.

Microsoft abandons data centre projects, sparking oversupply fears

Microsoft’s retrenchment in the last six months included lease cancellations and deferrals, analysts at investment bank TD Cowen said.

Microsoft dropping datacenter leases isn't AI Armageddon

Comment: Why lease space that can't power or cool 120kW racks - or the next-gen 600kW monsters?

The analyst note that helped fuel the tech sell-off Wednesday

One research report outlined Microsoft abandoning two data center projects, further dampening enthusiasm for Big Tech shares Wednesday.

AI infrastructure stocks fall as Microsoft scraps some data center plans

Stocks tied to artificial intelligence infrastructure fell during Wednesday trading, after TD Cowen released a report showing Microsoft (MSFT) was scaling back some of its data center plans.

Microsoft pulls back from more data center leases in US and Europe, analysts say

Microsoft has abandoned data center projects set to use 2 gigawatts of electricity in the U.S. and Europe in the last six months due to an oversupply relative to its current demand forecast, TD Cowen analysts said on Wednesday.The tech giant's withdrawal from new capacity leasing was largely led by the decisi