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

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Microsoft pulls back from more data center leases in US and Europe, analysts say - Channel News Asia

Quick Summary:

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.

FILE PHOTO: Microsoft logo is seen in this illustration taken February 16, 2025.

Microsoft, which plans to invest over $80 billion in AI and cloud capacity this fiscal year, did not immediately respond to Reuters' request for comment.