Microsoft has abandoned some data center projects, industry analyst says, not citing individual projects including Wisconsin.

Microsoft Corp. has walked away from new data center projects in the US and Europe that would have amounted to a capacity of about 2 gigawatts of electricity, according to TD Cowen analysts, who attributed the pullback to an oversupply of the clusters of computers that power artificial intelligence.

Shares in tech giant Microsoft (MSFT) were lower today on reports that it has scrapped data center projects in the U.S. and Europe in the last