Microsoft (NASDAQ:MSFT) responded Monday to a report from TD Cowen, stating that its $80 billion deliberate infrastructure funding stays “on monitor” regardless of claims that the corporate might have canceled some knowledge middle leases.
The corporate added that whereas strategic changes might happen, it’s going to proceed sturdy progress in all areas and stays dedicated to its $80 billion infrastructure spending plan for this fiscal yr. TD Cowen’s analysis, printed Friday, urged that Microsoft might have canceled knowledge middle leases totaling a pair hundred megawatts with not less than two non-public knowledge middle operators.
The report additionally famous that Microsoft has scaled again the conversion of assertion of {qualifications} to leases and shifted a substantial portion of worldwide spending to the U.S., probably indicating an oversupply in infrastructure. Regardless of the considerations, Microsoft maintains that progress and enlargement stay a precedence because it continues scaling its cloud and AI capabilities.
This text first appeared on GuruFocus.
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