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Microsoft stock slips after analysts say it canceled 2 AI data center leases, suggesting possible 'oversupply position'

Microsoft potentially faces an oversupply position as it cancels US data center leases.

Cryptocurrency

Microsoft potentially faces an oversupply position as it cancels US data center leases.

Cryptocurrency

TD Cowen analyst John Blackledge raised the firm's price target on Platforms (META) to $800 from $700 and maintains a Buy rating on the shares.

E-Commerce

Microsoft has cancelled datacenter leases due to potential oversupply and overestimated AI service demand.

The company reallocates international funds to US datacenters, indicating a strategic shift.

Tactics similar to Meta's suggest a decrease in capital expenditures for Microsoft.

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