Amazon Follows Microsoft's Lead, Halts Some Data Center Deals — Executive Says 'Routine Capacity Management'

Benzinga
2025.04.22 01:29
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Amazon has paused some data center leasing talks, following Microsoft's lead, as economic uncertainty prompts tech firms to reassess AI infrastructure investments. Kevin Miller, VP of AWS Global Data Centers, stated this is 'routine capacity management' with no fundamental changes in expansion plans. This cautious approach reflects a broader trend among hyperscalers, as companies like Meta and Google continue to pursue leasing deals. Amazon shares fell 3.11% on Monday, marking a 24.02% drop this year, despite a strong growth score of 94.13%.