Based on the easing of exclusivity by the two companies, analysts say these moves aren’t surprising, but they do have broader market implications.

TD Cowen did not say which projects Microsoft had abandoned.Get daily updates on the Packers during the season. In a statement, Microsoft said the moves will not affect the $3.3 billion data center now under construction in Mount Pleasant.

Microsoft has walked away from data center projects in the US and Europe to the tune of 2GW, said TD Cowen analysts. First reported by Bloomberg, the cancelations follow previous speculation from TD Cowen that the cloud giant had walked away from 200MW of data center developments and leases in February 2025.