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The Marked Chart Wire · Tech and AI
Data Centers
Microsoft reportedly refused to increase capacity at Nscale's Texas site because power grid permits are not final. The company committed to 240 MW but skipped an option for more space before Nscale's IPO.
Part of a series: AI data center projects face power and regulatory hurdles
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AI Infrastructure
Microsoft is said to be withdrawing from a 500 MW Texas expansion with Nscale and a UK project due to delays. The company's quarterly capital spending came in at $45.2 billion, below expectations.
AI Spending
Microsoft is said to be reducing its Neocloud commitments because of delays and rising costs at a Texas site involving Iren.
AI and chips
Microsoft is said to be increasing scrutiny of Nebius, IREN, and Nscale due to rising construction costs and project delays, including a setback at an IREN Texas facility and the withdrawal from three Nscale projects.
Data Centers
Fitch Ratings indicates that significant upcoming computing infrastructure in Texas, Georgia, and Ohio could face legal barriers under new state administrations.
AI Infrastructure
JPMorgan notes that tighter supply benefits cash-rich hyperscalers like Microsoft and Amazon, while debt-funded rivals like CoreWeave face rising costs. CoreWeave's five-year CDS spread exceeded 1,100 basis points, signaling elevated credit risk.
HotAI Spending
A report claims Microsoft faces a $5 billion shortfall in AI spending. Satellite imagery is said to indicate construction setbacks at IREN facilities.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.