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Title: Amazon Has Paused Some Data Center Lease Commitments, Wells Fargo Says

Link: https://slashdot.org/story/25/04/21/2031221/a...

Amazon has delayed some commitments around new data center leases, Wells
Fargo analysts said Monday, the latest sign that economic concerns may be
affecting tech companies' spending plans. From a report: A week ago, a
Microsoft executive said the software company was slowing down or temporarily
holding off on advancing early build-outs. Amazon Web Services and Microsoft
are the leading providers of cloud infrastructure, and both have ramped up
their capital expenditures in recent quarters to meet the demands of the
generative artificial intelligence boom. "Over the weekend, we heard from
several industry sources that AWS has paused a portion of its leasing
discussions on the colocation side (particularly international ones)," Wells
Fargo analysts wrote in a note. They added that "the positioning is similar
to what we've heard recently from MSFT," in that both companies are reeling
in some new projects but not canceling signed deals.

Read more of this story at Slashdot.

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