Microsoft Data Center Lease Cancellation Spurred AI Spending Cut Fears 'More Smoke Than Fire,' Says Top Analyst — Redmond Reaffirms $80 Billion Investment Plan

Microsoft Corporation (NASDAQ:MSFT) has pushed back against concerns about its AI infrastructure spending after a report said the company canceled data center leases, leading to investor panic and a market sell-off. Now, tech analyst Dan Ives dismissed the fears as “more smoke than fire,” saying…