Microsoft is reducing its data center footprint in the United States and Europe. Bloomberg received the information vi

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.

Based on the easing of exclusivity by the two companies, analysts say these moves aren’t surprising, but they do have broader market implications.