Microsoft Abandons Data Center Projects, TD Cowen Says
Microsoft Corp. has walked away from new data center projects in the US and Europe that would have amounted to a capacity of about 2 gigawatts of electricity, according to TD Cowen analysts, who attributed the pullback to an oversupply of the clusters of computers that power artificial intelligence.
Microsoft Canceling Data Center Leases, Walking Away From Deals, Analysts Say
Over the last six months, Microsoft has “walked away” from pending data center leases with third-party developers in the U.S. and Europe totaling 2 gigawatts of capacity, TD Cowen analysts wrote in a note on Wednesday. The note said Microsoft has also “deferred and canceled existing data center leases” in the two regions in just the past month.
We recently published a list of the 10 AI Stocks Making Headlines This Week. In this article, we are going to take a look at ...
The decision to walk away from these projects was partly driven by an analyst report from TD Cowen. The company noted that Microsoft had already shown signs of retrenchment, including lease ...
Amid lease cancellations and market pullbacks, the AI data center surge faces its first real test. But is this a slowdown or ...
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