It looks like Big Tech is starting to once again ramp up on large leasing data center projects. According to analysts at TD Cowen, hyperscalers like Amazon and Microsoft are now showing greater interest in leasing at scale.
It was previously reported that Microsoft had canceled up to 2GW in projects, since they were no longer the only compute provider for OpenAI. However, analysts are now saying that not all 2GW were cancelled, only delayed 2 years. Microsoft is expected to ramp up activity again when its fiscal year ends at the close of this month.
Amazon too seems to be increasing spend, supposedly having recently secured a 1GW+ customer. This follows reported delays in data center leases earlier this year.
Google has continued heavy spending in the data center space this entire time. According to analysts, Google spent the most on colocation deals in its history during Q1 of this year. Going forward, they will likely focus on more self-builds.
The only tech giant seemingly not making major moves seems to be Apple. After publishing an RFP for capacity late last year, not much else has been reported out.
