Microsoft declines Nscale Texas expansion ahead of $35 bln IPO - report

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Investing.com -- Microsoft has declined to expand its Texas data center lease with Nscale, the Financial Times reported on Thursday, a fresh setback for the British AI infrastructure firm as it prepares a roughly $35 billion IPO. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month's list » Microsoft rejected an option that would have more than doubled the size of its existing contract to rent computing power at the Ward County site, a potential deal worth tens of billions of dollars, the report said citing three people familiar with the matter. Nscale must now find new customers for the site or lose out on billions of dollars in future revenue.