The AI revolution has fueled an unprecedented boom in data center demand, with companies like Digital Realty (DLR), Vistra (VST), and Equinix (EQIX) benefiting from skyrocketing infrastructure investments. However, a recent report from TD Cowen suggests that this growth might not be as limitless as many investors once believed.
According to TD Cowen, Microsoft (MSFT) canceled several leases for U.S. data center capacity. In a research note on Feb. 21, analysts from the investment firm stated that the tech giant canceled leases with “at least two private data center operators” in the U.S., totaling a few hundred megawatts. This sparked wider concerns about whether it may be securing more AI computing capacity than it will need in the long run.
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