Amazon has halted some data centre leasing talks, Wells Fargo analysts say

Amazon.com has paused some data centre lease talks for its cloud division, particularly in overseas markets, suggesting a short-term slowdown in leasing for large-scale facilities, Wells Fargo analysts said on Monday.

The move by the largest US cloud company is the latest sign that rising economic uncertainty could be forcing companies to rethink how they spend the billions of dollars they have earmarked for AI infrastructure, including pricey Nvidia chips.

Wells Fargo analysts said the magnitude of Amazon’s pause was unclear, but it was similar to…