Amazon Follows Microsoft's Lead, Halts Some Data Center Deals — Executive Says 'Routine Capacity Management' - Alphabet (NASDAQ:GOOG), Amazon.com (NASDAQ:AMZN)
1. Amazon paused data center leasing negotiations, following Microsoft's similar actions. 2. AWS VP stated it's routine capacity management; no fundamental expansion changes. 3. Economic uncertainty may prompt reassessment of AI infrastructure investments. 4. Amazon shares fell 3.11% amidst a broader 24.02% decline this year. 5. Despite drops, Amazon holds a strong growth score of 94.13%.