PYMNTS.com February 24, 2025
Microsoft reportedly still plans to earmark $80 billion for capital expenditures, despite reports suggesting otherwise.
As CNBC reported Monday (Feb. 24), the tech giant says its spending plan is still on track, while adding that it “may strategically pace or adjust our infrastructure in some areas.”
This came after analysts at TD Cowen issued a report, citing “channel checks,” which suggested that Microsoft had canceled leases with “at least two private data center operators,” CNBC said.
Microsoft had announced at the start of the year that it planned to spend upwards of $80 billion during this fiscal year — which ends in June — on data centers that were capable of handling artificial intelligence (AI) projects.
“Our plans to spend...
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