Microsoft Cancels U.S. Data Center Leases Amid AI Shift

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Microsoft has canceled significant data center leases in the U.S., reportedly totaling a few hundred megawatts, indicating potential overcapacity in their AI infrastructure investments. Analysts from TD Cowen suggest the move could be due to Microsoft reallocating resources domestically or a strategic shift influenced by their partnership with Oracle on the AI project Stargate. The cancellations have raised concerns about the company's confidence in AI demand and its long-term strategy. Despite this, Microsoft maintains its plan to spend $80 billion on AI data centers this fiscal year.

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