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 halts work on 2 Mount Pleasant data center sites
Microsoft Corp. halted work on two data center sites in Mount Pleasant. The company says it remains committed to building additional data centers in Mount Pleasant but won't say when. Microsoft is on track for completing construction on its first Mount Pleasant data center.
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DA Davidson analyst Gil Luria says Microsoft's lead in AI is dissipating, but explains why MSFT shares are worth owning at current levels.
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