Microsoft stock drops from news of abandoned data center projects
Microsoft (MSFT) stock is down after a TD Cowen analyst note explained that the company has abandoned data center projects due to oversupply. Market Domination hosts Julie Hyman and Josh Lipton break down the stock and analyst note.
Microsoft halts work on 2 Mount Pleasant data center sites
Microsoft Corp. halted work on two data center sites in Mount Pleasant. The company says it remains committed to building additional data centers in Mount Pleasant but won't say when. Microsoft is on track for completing construction on its first Mount Pleasant data center.
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Microsoft has halted data center projects in the US and Europe, potentially due to AI computing overcapacity. Goldman Sachs sees it as a top investment.
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