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Amazon has paused some data center lease commitments, Wells Fargo says

  • Amazon has paused negotiations on some co-location data center deals, according to Wells Fargo and TD Cowen.
  • Wells Fargo indicated that the pause in data center leases may reflect a 'digestion' period before new activity resumes.
  • Concerns arise that the slowing pace of data center expansions may signal cooling demand for AI infrastructure, as reported by observers.
  • An AWS Vice President emphasized that there is still strong demand for data center access, despite the pause in leasing discussions.
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CNBC broke the news in United States on Monday, April 21, 2025.
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