Adjustments by Amazon and Microsoft reflect harsh realities: power grids that take years to expand, land speculators inflating prices, and overwhelmed utilities
When Microsoft (MSFT) pulled the plug on planned data centers in Ohio last month and a Wells Fargo (WFC) report suggested Amazon (AMZN) Web Services was reconsidering some leases, market watchers quickly diagnosed the symptoms: AI bubble concerns, demand uncertainty, and the inevitable cooldown after years of breakneck expansion.
There was just one problem with that analysis: The companies building these data centers say it’s wrong...
There was just one problem with that analysis: The companies building these data centers say it’s wrong...
...more
RSK: I have said all along...data centers eat huge amounts of electricity. Yes, speculators have driven up the price of land but the real stepping stone is power and the grid.
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- - Volume: 25 - WEEK: 23 Date: 6/5/2025 8:00:24 PM -