Amazon has halted some data center leasing talks, Wells Fargo analysts say
Wells Fargo analysts said the magnitude of Amazon's pause was unclear, but it was similar to Microsoft's recent pullback. Rather than canceling any signed deals, Amazon is "digesting aggressive recent lease-up deals," the analysts said. "It does appear like the hyperscalers (big cloud companies) are being more discerning with leasing large clusters of power, and tightening up pre-lease windows for capacity that (would) be delivered before the end of 2026," they said in a note, adding that the likes of Meta, Alphabet-owned Google and Oracle remain active in leasing.