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Leases for data centers, according to a wells fargo research note shared with pymnts.Microsoft said . It remains on track to spend its budget of billion australia phone number data or more for data centers . But admitted to “slowing or pausing” early-stage projects based on “demand signals.”aws said changes it . Made to its data center plans are part of “routine capacity management.”aws and microsoft are . Pausing or slowing down the development of data centers, according to a wells fargo research .
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Note shared with pymnts.Several industry sources duties and functions of the chief financial officer (cfo) told wells fargo’s analysts team that aws has “paused . A portion of its leading discussions” on colocated data centers, particularly those abroad.“it’s not clear . The magnitude of the pause, but the positioning is similar to what we’ve heard recently . From microsoft,” wrote wells fargo analyst eric luebchow in the monday april note.Last week, noelle . Walsh, president of microsoft cloud operations and innovation, disclosed in a linkedin post that the .
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Software giant is “slowing or pausing some early-stage projects” as it refines the buildout of . Cloud capacity relative to customer demand.Microsoft has doubled its data center capacity in the last . Three years and is on track to spend the budgeted amount of billion or more . In “informed by near-term and long-term demand signals,” walsh said in the post. Microsoft has . More than data centers in at least regions globally.
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Meanwhile, kevin miller, vice president of business sale lead global . Data centers at aws, explained in a linkedin post that the change in the hyperscaler’s . Data center plans is “routine capacity management, and there haven’t been any recent fundamental changes . In our expansion plans.”aws continues to see “strong demand for both generative ai and foundational . Workloads,” he said in the post.Wells fargo’s luebchow acknowledged that “it’s not clear yet” that . Aws’ slowing of lease signing “is an area of concern or just the natural ebbs .