Amazon has halted some data centre leasing talks

Share via:


Amazon.com has paused some data centre lease talks for its cloud division, particularly in overseas markets, suggesting a short-term slowdown in leasing for large-scale facilities, Wells Fargo analysts said on Monday.

The move by the largest US cloud company is the latest sign that rising economic uncertainty could be forcing companies to rethink how they spend the billions of dollars they have earmarked for AI infrastructure including pricey Nvidia chips.

Wells Fargo analysts said the magnitude of Amazon’s pause was unclear, but it was similar to…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Amazon has halted some data centre leasing talks


Amazon.com has paused some data centre lease talks for its cloud division, particularly in overseas markets, suggesting a short-term slowdown in leasing for large-scale facilities, Wells Fargo analysts said on Monday.

The move by the largest US cloud company is the latest sign that rising economic uncertainty could be forcing companies to rethink how they spend the billions of dollars they have earmarked for AI infrastructure including pricey Nvidia chips.

Wells Fargo analysts said the magnitude of Amazon’s pause was unclear, but it was similar to…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

MENA VC funding hits $678m, fintech dominates

Saudi Arabia led the region, attracting US$391 million,...

WazirX confirms restart on track as it awaits sanction...

Indian crypto exchange WazirX, which was hacked for...

A91 Partners Hits Final Close Of Third Fund At...

SUMMARY This marks the firms’ third fund since its...

Popular

Upcoming Events

IMS UCC Ghaziabad Hosts 6th International Conference on ‘Shaping...

New Delhi , April 22: In a remarkable...

Defence tech startup Vayudh raises $10 million in round...

Home-grown defence technology company Vayudh has raised $10...
GdfFD GFD GFD GFD GFD GFD GFD